Manchester City announce club-record revenues of £715 million


Steve Luckings
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Manchester City on Friday announced record-breaking revenues for the 2023/24 season which saw them enter the history books as the first English club to win four Premier League titles in a row.

According to the club's Annual Report, City's revenues increased to £715 million, with sustained profitability at £73.8 million.

The club’s three primary income sources – commercial, broadcast and matchday – all remained strong, the report said.

City enjoyed a record-breaking 2023, winning the Premier League, Uefa Champions League, FA Cup, Fifa Club World Cup and Uefa Super Cup.

They followed that up by retaining their Premier League crown in 2024 – becoming the first club to win the title for four consecutive seasons.

“Our constant ambition to target and achieve the unprecedented is a mark of the organisation that we have become," said City chairman Khaldoon Al Mubarak.

“On and off the field, our passion for the next challenge is underpinned by deliberate and detailed planning and a shared belief in the collaborative learning culture that we have built.

“This organisational approach is now part of our DNA. It is a product of the unwavering focus on constant improvement, in every aspect of the organisation, that has been in place since His Highness Sheikh Mansour became the club’s custodian in 2008.”

In June, Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, received Manchester City officials after the club won their historic fourth consecutive Premier League title.

City's chief executive officer, Ferran Soriano, added: “Our fourth consecutive Premier League title was an achievement that took Manchester City to a place no other English club has ever been.

“Winning the treble in the previous season did not generate any sense of complacency in our teams on or off the pitch. We understand very well that the relentless pursuit of beautiful football, operational excellence, and constant innovation requires hard work and resilience.”

The Annual Report also highlights several achievements which summarise an extraordinary year for the club.

Manchester City's Spanish midfielder Rodri waves to fans at the Etihad Stadium to show off his 2024 Ballon d'Or award. AFP
Manchester City's Spanish midfielder Rodri waves to fans at the Etihad Stadium to show off his 2024 Ballon d'Or award. AFP

Midfielder Rodri was rewarded for his excellence on the field with the Ballon d'Or, football’s most prestigious individual award.

City's youngsters also took home the FA Youth Cup and the women’s team qualified for the Uefa Champions League.

Investment in infrastructure remained a core focus for the club, with work commencing on the £300m expansion of the Etihad Stadium, as part of a wider project to develop a best-in-class fan experience and year-round entertainment destination at the Etihad Campus.

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
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  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
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'Avengers: Infinity War'
Dir: The Russo Brothers
Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
Four stars

Mubalada World Tennis Championship 2018 schedule

Thursday December 27

Men's quarter-finals

Kevin Anderson v Hyeon Chung 4pm

Dominic Thiem v Karen Khachanov 6pm

Women's exhibition

Serena Williams v Venus Williams 8pm

Friday December 28

5th place play-off 3pm

Men's semi-finals

Rafael Nadal v Anderson/Chung 5pm

Novak Djokovic v Thiem/Khachanov 7pm

Saturday December 29

3rd place play-off 5pm

Men's final 7pm

The biog

Name: Marie Byrne

Nationality: Irish

Favourite film: The Shawshank Redemption

Book: Seagull by Jonathan Livingston

Life lesson: A person is not old until regret takes the place of their dreams

ABU DHABI T10: DAY TWO

Bangla Tigers v Deccan Gladiators (3.30pm)

Delhi Bulls v Karnataka Tuskers (5.45pm)

Northern Warriors v Qalandars (8.00pm)

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1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Match info

Karnataka Tuskers 110-3

J Charles 35, M Pretorius 1-19, Z Khan 0-16

Deccan Gladiators 111-5 in 8.3 overs

K Pollard 45*, S Zadran 2-18

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Past winners of the Abu Dhabi Grand Prix

2016 Lewis Hamilton (Mercedes-GP)

2015 Nico Rosberg (Mercedes-GP)

2014 Lewis Hamilton (Mercedes-GP)

2013 Sebastian Vettel (Red Bull Racing)

2012 Kimi Raikkonen (Lotus)

2011 Lewis Hamilton (McLaren)

2010 Sebastian Vettel (Red Bull Racing)

2009 Sebastian Vettel (Red Bull Racing)

 

INDIA V SOUTH AFRICA

First Test: October 2-6, at Visakhapatnam

Second Test: October 10-14, at Maharashtra

Third Test: October 19-23, at Ranchi

UAE currency: the story behind the money in your pockets
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How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

What is a rare disease?

A rare disease is classified as one that affects a small percentage of the population. More than 7,000 diseases are identified as rare and most are genetic in origin. More than 75 per cent of rare genetic diseases affect children. 

Collectively rare diseases affect 1 in 17 people, or more than 400 million people worldwide. Very few have any available treatment and most patients  struggle with numerous health challenges and life-long ailments that can go undiagnosed for years due to lack of awareness or testing.

Updated: December 14, 2024, 7:26 AM