Redaction Simon Brett with Freddie Pye
Published on 2024-04-10 13:39:26
The parent company of Manchester City has reported significant financial losses for the 2022/23 financial year, despite the club’s success in winning multiple trophies during that time. The club’s global fanbase has continued to grow, particularly in key markets such as Far East Asia and North America, where they have focused on increasing their presence through pre-season tours.
Despite the financial losses, the City Football Group (CFG) has expanded its portfolio by adding clubs in Italy, India, and Brazil, increasing the total number of teams under the City Group umbrella to 12. Manchester City itself set a new Premier League revenue record, indicating strong financial growth overall. The club’s success has been reflected in the performance of their other notable sides such as New York City in Major League Soccer and Girona in La Liga.
Manchester City’s continued growth and success are evident as they plan another pre-season tour, this time in North America, following a successful tour in Asia. The club’s expansion and revenue growth demonstrate their commitment to building a strong global presence and continuing to achieve success both on and off the field.
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