Manchester City's profit stalls as revenue rises to £535 million

19 November 2019

ManC
Photo: Getty Images It was unclear why the rise in wages was so significant for the club, who have previously been accused of hiding player and staff wages in shell companies in order to be compliant with the Financial Fair Play rules.

A rise in revenue to £535.2 million was due to an increase in income from UEFA broadcasting, Manchester City's just-released annual report for the 2018/19 season shows.

The club's net profit, however, did not change significantly from last year, coming in at £10 million due to a huge increase in wages undermining growth in other areas.

City's commercial revenue decreased by 2.8 per cent, an unsatisfactory result which, according to the club, was because of a reduced number of concerts held at their Etihad Stadium.

Emil Gjerding Nielson nielson@offthepitch.com

Manchester City's revenue increased to a record of £535.2 million in the 2018/19 season, but the growth was weighed down by a fall in commercial revenue and a huge increase in wages and salaries, meaning the club's profit decreased slightly on the preceding period. 

On the previous season's £500 million, the club's revenue grew by seven per cent, primarily due to a £31.1 million increase in broadcasting income from UEFA.

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