19th December 2025
December 18 – Manchester City reported a pre-tax loss of nearly £10 million in its 2024/25 financial results, marking the club’s first loss since the Covid-impacted 2019/20 season.
Operating expenses continue to rise up to £790 million, an £11 million increase from the previous year, largely due to an additional £15.4 million in other external costs. This pushed the club to an overall operating loss of £93.3 million.
On the field, City’s struggles last season led to significant investment in new talent for Pep Guardiola’s squad. The club signed four players in the last January transfer window, including Omar Marmoush and Nico Gonzalez, and added seven more in the summer window, including Rayan Cherki and Gianluigi Donnarumma.
The total spending on transfers reached £352.9 million, a huge increase from £220 million in 2023/24, while income from player sales fell to £95 million from £139 million the year prior.
Revenue dipped slightly to £694.1 million, the third-highest in club history, down from a record £715 million. Matchday revenue fell £500,000 to £75.1 million, affected by fewer Champions League fixtures and ‘lower-stakes’ Premier League games late in the season.
Broadcast revenue also dropped £16.1 million to £278.6 million, partly due to less coverage by UK broadcasters, though participation in the new Club World Cup provided some offset.
Looking ahead, Premier League clubs, including City, expect a boost from the new domestic broadcast rights deal, worth £6.7 billion over four years, which started in 2025/26.
“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,” said chairman Khaldoon Al Mubarak.
“There is no doubt that last season’s football results were less than we had hoped for… 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.”
The figures highlight the growing tension between ambitious squad building and financial sustainability, especially as transfer fees and player wages continue to climb across the Premier League.
Contact the writer of this story at [moc.l1766124688labto1766124688ofdlr1766124688owedi1766124688sni@r1766124688etsbe1766124688w.kci1766124688n1766124688](javascript:;)