Manchester City Reports Record Revenues and Profits Amid Legal Challenges

Club's Wage Bill Hits Premier League Record as Chairman Hails 'Greatest Football and Commercial Year'

Manchester City Football Club has reported record revenues of £712.8 million ($890 million) for the 2022-2023 season, surpassing the previous record of £648.4 million set by Manchester United.
The club also reported a record profit of £80.4 million ($100 million), nearly doubling the previous year's total of £41.7 million ($52 million).
City's wage bill rose to an unprecedented £422.9 million ($529 million), the highest ever in the Premier League, largely due to performance-related bonuses following their success in winning the Champions League, Premier League, and FA Cup.
Despite the financial success, Manchester City is currently facing over 100 charges from the Premier League for alleged breaches of financial rules, which the club denies and is contesting.
Club chairman Khaldoon Al Mubarak described the 2022-2023 season as the 'greatest football and commercial year' in the club's history.