City’s £423m wage bill smashes British record
MANcHesTeR cITY have recorded the highest revenues — and biggest wage bill — in British football history following their Treble-winning season.
Goal machine erling Haaland, who earns a basic wage of about £400,000 a week following his move from Borussia Dortmund, contributed to the wage bill increasing by £69m to £422.8m. Bonuses paid to players and staff for winning the champions League, Premier League and FA cup also ensured the payroll for 520 employees dwarfed the previous record of £384m, posted by rivals Manchester United during the season in which they re-signed cristiano Ronaldo. city’s revenue increased by almost £100m to £712.8m for 2022-23, and profit nearly doubled to £80.4m, aided by the sales of Raheem sterling, Gabriel Jesus, Oleksandr Zinchenko plus a number of academy graduates.
Only Barcelona and Real Madrid have posted higher revenues. city chairman Khaldoon Al Mubarak has promised further investment to sustain the club’s success after finally conquering europe in June. Al Mubarak said: ‘In the aftermath of the champions League win, the question I was asked most often, was, “How do you top that?” ‘The answer is by doubling down on the proven philosophies and practices that have brought us this success and to challenge ourselves to continue to constantly innovate. ‘success today simply means further investment for tomorrow. Our financial health and on-field success mean everyone connected to Manchester city can look forward to the future with excitement. Our collective achievements give me huge confidence that together we can accomplish even more in the years to come.’