Manchester City Reports Record Revenue, Bolstering Pep Guardiola's Transfer Plans

Manchester City has reported a record revenue of €865 million for the fiscal year ending June 30, 2024, surpassing the previous year's €862 million. This financial achievement is attributed to their fourth consecutive Premier League title, victories in the FIFA Club World Cup, and the UEFA Super Cup.

The club's wage expenses decreased by approximately €13 million, totaling €500 million, leading to a pre-tax profit of nearly €90 million. Commercial revenue also saw a slight increase, rising from €413 million to €417 million.

Since the 2014-2015 season, Manchester City has maintained profitability in each fiscal year, with the exception of the 2019-2020 season, which was impacted by the COVID-19 pandemic. Additionally, the club confirmed a total profit of €112 million from player transfers completed since the end of June, including the sales of Julian Alvarez, Joao Cancelo, and Liam Delap.

These robust financial results provide manager Pep Guardiola with the resources to reinforce the squad during the January transfer window. Following a challenging period with only one win in ten matches, the club is poised to make strategic acquisitions to enhance team performance.