Manchester City has won a treble in the 2022-23 season and posted a record revenue and a historic wage bill.
The Premier League club won their maiden UEFA Champions League last season. It became the second team in the Premier League after their arch-rival Manchester United to win a treble. Not only the on-pitch success but also the off-pitch success of the Cityzens when the club revealed their revenue figures represent a £99.8m ($124m) increase from last year on Wednesday.
Manchester City has earned £712 million ($887m) in revenue for the 2022-23 season by breaking the previous record of Manchester United of £648m ($808m) last month.
The success was not only witnessed by the City, the season also saw a Premier League growth in profit. The profit was increased by £80.4m ($100m), last year the amount was £41.7m ($52m).
Manchester City’s wage bill also dramatically increased in this season. The arrival of Erling Haaland soared the wage bill to a staggering £423m ($527m) from £70m ($87.3m). This is the largest amount of wage bill in the history of the Premier League so far.
The club is still facing investigation for multiple breaches of the Premier League’s Financial Fair Play rules. Despite having 115 charges issued against Manchester City back in February, the management of City has denied all the allegations. The news will definitely give some relief to the club.