Manchester City has confirmed that the 2024–25 season delivered the third-highest revenues in the club’s history, despite the team failing to secure silverware for the first time in eight years.
The figures were released as part of the Abu Dhabi-backed club’s latest Annual Report.
The Premier League club reported revenues of £694.1m ($931m) for the season, reflecting its long-standing strategy of revenue diversification, while posting a marginal loss of £9.9m ($13.3m).
City finished third in the Premier League and secured UEFA Champions League qualification for a 15th consecutive season, a result the club described as disappointing given the standards set in recent years.
Manchester City annual report
Strategic squad investment during the season saw players including Tijjani Reijnders, Rayan Cherki and Nico González join the club. Erling Haaland, described by City as the world’s most prolific striker, also committed the next decade of his career to Manchester City.
Off the pitch, the club underwent senior leadership changes. Football Director Txiki Begiristain departed after an unprecedentedly successful 13-year tenure, with Hugo Viana joining in the same role and shadowing Begiristain to ensure continuity.
The end of the season also marked the departure of Kevin de Bruyne after 10 years at the club.
Reflecting on the season, Chairman Khaldoon Al Mubarak said: “I believe that we may look back on this year as one that was pivotal for the ongoing and long-term strengthening of the Club.
“Our focus on continuous improvement did not diminish in any way, and the season saw everyone across the organisation remain committed to the ongoing evolution of Manchester City both on and off the pitch.
“There is no doubt that last season’s football results were less than we had hoped for. There are clear and understood reasons for that, including an unfortunate run of significant injuries, but seasons like this are an inevitable part of the game.
“In the world’s most competitive league, no team can expect to win every year, and I am confident that the lessons from the challenges that we have faced over the last 12 months will only make us stronger as a Club; and make our future successes even more rewarding.”
Executive summary
CEO Ferran Soriano said the club’s underlying strategy remained intact. “The Club’s fundamentals continue to be very strong, and we remain firmly committed to our long-term strategy built on beautiful football, operational excellence, community impact and continuous innovation.
“As a demonstration of this commitment, we saw Erling Haaland and PUMA sign long-term contract extensions with the Club.”
Soriano added, “We endured a difficult season from which we learned a lot, and whatever success we achieve in the future will be, in part, thanks the learnings and the character we developed under difficult circumstances. ‘Win or learn’ as we often say to ourselves.
“We look to the future with ambition and determination, convinced that we have the systems, people and culture in place to continue our ambitious journey.”
Manchester City business performance
The Annual Report also outlined progress across infrastructure and community initiatives. Construction advanced on the £300m ($402m) North Stand development and Entertainment Destination, which will open in phases, starting with the expanded North Stand before the end of the 2025–26 season.
Structural and external works were largely completed, with construction reaching its highest point in spring.
As part of the project, Manchester City confirmed a partnership with Radisson Hotel Group, which will operate a 401-room hotel within the development. Once completed, the expanded stadium and facilities will sit alongside the 23,500-capacity Co-op Live arena, a joint venture between City Football Group and Oak View Group.
Further progress was reported on the £10m ($13.4m) women’s performance centre at City Football Academy, which will serve as the home of the women’s first team.
On the sporting front, Rodri became the first Manchester City player to win the Ballon d’Or, while academy graduate Nico O’Reilly cemented his place in Pep Guardiola’s first-team squad.
The club’s charitable arm, City in the Community, engaged more than 16,900 people across 19 programmes during the 2024–25 season, supporting its mission to promote healthier lives through football.
Manchester City also recorded significant growth in its digital reach. Monthly active social media users increased by 60 per cent year on year, while the club ranked highest among Premier League teams for video views, with 13.9bn views across the five major platforms.
Total engagements across Instagram, Facebook, TikTok and X reached 1.4bn.
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