Man City are in perfect position to make signings in the January transfer window after making record earnings
Manchester City have announced they have posted record Premier League revenue figures to add some seasonal cheer amid their current woes.
And it could be bad news for their title rivals, with the club's January transfer fund increasing at just the right time to help finish. Pep Guardiola's headache.
City announced on Friday that the club's income had increased by £2.2 million, from £712.8 million to £715 million according to its latest accounts, which ran until June 30, 2024.
The growth came despite Guardiola's men falling short in their quest to retain the Champions League crown, losing to eventual winners Real Madrid in the quarter-finals.
However, their successful defense of the Premier League title, along with successes in the FIFA Club World Cup and UEFA Super Cup, allowed City to progress on the pitch.
The club confirmed that wages fell by a whopping £10.3m to £412.6m, with City recording an overall pre-tax profit of £73.8m.
Financial gains were recorded on the transfer front with a staggering £92.8m profit from the sale of striker Julián Álvarez to Atlético Madrid, as well as the departures of Joao Cancelo and Liam Delap.
And there was more good news as trading revenue rose from £341.4m to £344.7m.
It all means that city of manchester They have posted a profit every season since the 2014/15 campaign, with the only blemish on their spreadsheet being the COVID-affected 2019/20 season.
The club is currently in the process of a £300 million expansion of the North Stand which will take the Etihad Stadium's capacity to 60,000 ahead of Euro 2028.
Meanwhile, a new women's training facility will open during the 2025/26 season.
The news will make for good reading for Guardiola ahead of the January transfer window as he aims to prevent City's season from spiraling out of control.
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The Premier League champions are expected to strengthen their squad in the January window after suffering an unforeseen poor run of form since the end of October.
Speculation about a Newcastle midfielder Bruno Guimaraes' move continues to fester and the Brazilian would contribute in some way to filling the gaps left by the absence of Rodri.
Guimaraes was high on Guardiola's summer signing list and Newcastle are anticipating an approach from City in January for their star midfielder.
City have won just one of their last ten games and are lamenting injuries to key stars, most notably Ballon d'Or winner Rodri.
The club's latest setback came in midweek, with a 2-0 loss to Juventus which leaves City in serious danger of falling out of the Champions League at the first hurdle.
Next up is the Manchester derby at home against neighbors United, who, despite their own struggles this season, can reduce the gap on City to just five points with a win at the Etihad on Sunday.
Guardiola's men remain eight points behind the runaway leader Liverpoolhaving played one more game.
