Manchester City have generated record revenue for the club over the past 12 months and their brand value has once again surpassed that of local rivals Manchester United ahead of Sunday’s derby, live sky sports.
A hearing into City’s alleged breaches of more than 100 financial rules concluded in London earlier this week, with results expected in the spring. Manchester City denies all these accusations.
Their annual report, released on Friday morning, outlines their current financial position – with the club’s revenue rising by £2.2m to £715m.
City also posted a profit of £73.8m, their second-highest ever profit figure and down £6.6m from the previous 12 months, when they won the Treble and received bonuses for their achievements on the pitch. prize money and broadcast revenue. Manchester City made a profit of £139m from player sales.
Sunday, December 15, 4:00 p.m.
Starts at 4:30 pm
Manchester City remains the Premier League’s most valuable football club brand, once again pushing Manchester United into second place, with the Brand Finance Football 50 report showing City’s value at £1.33 billion and Manchester United’s value at £1.16 billion.
These positive figures for City contrast with United’s financial situation ahead of this weekend’s meeting at the Etihad Stadium.
United lost £113m last year and have not made an annual profit since 2019.
Manchester United has carried out massive redundancies, with Christmas bonuses reduced for staff and ticket prices increased for fans.
Manchester City: The most talked about club in the world?
In its annual report, City also claimed to be the most watched football team in the world.
They attributed this to 10.1 billion video views on social media platforms, 1.5 billion interactions on Instagram, Facebook, TikTok and ).
Manchester City accusations: What’s the latest?
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The Premier League’s hearing into financial allegations against Manchester City has now concluded in London, with a decision expected in the spring.
The Premier League’s hearing into financial allegations against Manchester City has now concluded.
The conference, held at the International Center for Dispute Resolution near St Paul’s, London, started on September 16 and ended 12 weeks later, last Friday, December 6.
A decision is expected in the spring, most likely around March.
Both sides have the right to appeal, which can take several months.
In February 2023, the Premier League accused Manchester City of breaching more than 100 financial rules.
The alleged violations cover the years 2009 to 2018.
Manchester City denies all accusations, including:
- Failure to provide accurate financial information for nine seasons
- Failure to provide complete details of players’ salaries for six seasons
- Failure to provide complete details of Roberto Mancini’s salary for four seasons
- Failure to cooperate with Premier League four-year investigation
- Failed to comply with UEFA’s FFP rules for five consecutive seasons
In July 2020, the Court of Arbitration for Sport (CAS) overturned Manchester City’s two-year UEFA ban and fine of £49 million in 2014 for breaching UEFA’s FFP rules, of which £32 million was suspended.
What will happen to Manchester City if they are found guilty?
Under Premier League rules, any penalty 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 at 4pm on Sunday; kick-off at 4.30pm.
