Manchester City have achieved record club revenue over the past 12 months, with their brand again valued higher than local rivals Manchester United ahead of Sunday’s derby live. Sky Sports.
Earlier this week, a hearing into more than 100 alleged breaches of financial rules by the City concluded in the spring, with the City denying all of the allegations.
Their annual report, published on Friday morning, paints a picture of their current financial situation, which has seen the club’s revenue rise by £2.2m to £715m.
City also posted their second-highest profit of £73.8m, down £6.6m on the previous 12 months, when they won the treble and received extra prize money and broadcast income for their achievements on the pitch. as a result, City made a profit of £139 million from the sale of players.
Sunday, December 15 at 4:00 p.m
Start: 16:30
City remain the Premier League’s most valuable football club brand, once again ahead of United in second place, with the Brand Finance Football 50 Report valuing City at £1.33 billion and United at £1.16 billion.
These positive figures for City contrast with United’s financial situation ahead of this weekend’s clash at the Etihad.
United made a £113m loss last year and have not made an annual profit since 2019.
There have been widespread redundancies at United, staff’s Christmas bonuses have been slashed and fan ticket prices have risen.
“Manchester City”. The most watched club in the world.
Also in the annual report, City claim to be the most watched football team in the world.
They achieved this with 10.1 billion video views across their social media platforms, 1.5 billion engagements across Instagram, Facebook, TikTok and X, and 694 million global viewers of Manchester City televised matches (including live, delayed broadcasts and highlights) in combination.
“Manchester City” accusations. what is the last one
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The examination of the financial case of the English Premier League and “Manchester City” has been completed in London, the decision of which is expected in the spring.
The hearing of the financial case of the English Premier League and “Manchester City” has ended.
It was held at the Center for International Dispute Resolution near St Paul’s, London and started on 16 September until it ended 12 weeks later last Friday 6 December.
The decision is expected in the spring, most likely around March.
Both sides have the right to appeal, which will take several months.
In February 2023, the Premier League accused City of breaching more than 100 of its financial rules.
The alleged violations refer to the years 2009 to 2018.
The city denies all allegations, which include:
- Failure to provide accurate financial information for nine seasons
- Failure to provide full details of player salaries over six seasons
- Full details of Roberto Mancini’s salary for four seasons could not be submitted
- Not co-operating with the Premier League’s four-year investigation
- Failure to comply with UEFA’s FFP rules over five seasons
City had a two-year UEFA ban overturned at the Court of Arbitration for Sport (CAS) in July 2020, and in 2014 the club were fined £49m for breaching UEFA’s FFP rules, of which £32m was suspended.
What could happen to City if they are found guilty?
Under Premier League rules, any punishment could be a points deduction or even the threat of expulsion from the Premier League, although that would be an extreme punishment.
Watch Manchester City v Manchester United live on Sky Sports Premier League from 16:00, kick-off 16:30.
