City’s net income 73 million but they still cut down wages

It’s that time of the year when you need to look at your account and see what have you done in 2024. Manchester City has released its financial report for the past 12 months, and although operating at a profit, the club has cut its expenses. The English champions generated revenue of 715,000,000 pounds, with a net profit of 73,800,000. This level of profit is unimaginable for many clubs on the island today, as English teams are among the biggest spenders globally, allocating substantial amounts to transfers and salaries.Manchester City releases 2023-24 Annual Report confirming another year of record-breaking revenues pic.twitter.com/geKllCYdDH— Manchester City (@ManCity) December 13, 2024 Manchester City has consistently been at or near the top for years. However, in the past year, things have slightly shifted—likely due to the 115 charges against the club and uncertainties about what lies ahead. Despite hiring 91 staff members (including both football and administrative sectors) during this period, the club has reduced its spending on player and staff wages. A year ago, Manchester City spent a record 422,000,000 on wages. In the meantime, this budget has been slightly trimmed to 412,000,000. The savings are modest but still noticeable.Breaking statement: Pep won’t coach any other club after City!Additionally, player transfers brought 141,000,000 into the club’s coffers. The significant sales included Julián Álvarez (75,000,000), João Cancelo (25,000,000), Taylor Harwood-Bellis (23,000,000), Sergio Gómez (9,000,000), Tommy Doyle (5,000,000), plus Yan Couto’s loan fee (4,000,000). The Citizens plan to be active in the January transfer market, prioritizing a midfielder. Pep Guardiola urgently needs reinforcements, as reflected in recent results. From a financial standpoint, there are no barriers to securing new signings, given the net profit of 73,800,000 and healthy balance sheets. However, this marks a decline compared to last year, with profits reduced by 6,600,000.Walker: ‘Enough is enough’Manchester City’s valuation stands at 1,330,000,000 pounds, making it the most valuable brand in the Premier League from a financial perspective. Second on the list is their city rival, Manchester United, valued at 1,160,000,000. However, Old Trafford faces tougher economic conditions; for instance, Sir Jim Ratcliffe recently laid off workers, cut the traditional Christmas bonus, and raised ticket prices. Finally, City claims to be the most-watched club in the world. How did they reach this conclusion? By calculating the reach across various platforms and social media, concluding that Manchester City achieved 10,100,000,000 views.ENGLISH PREMIER LEAGUE – MATCHDAY 15Saturday18:00: (1.25) Arsenal (6.25) Everton (15.0)18:00: (1.33) Liverpool (5.50) Fulham (8.50)18:00: (1.35) Newcastle (5.60) Leicester (9.50)20:30: (2.65) Nott.Forest (3.50) Aston Villa (2.75)Sunday17:00: (1.90) Brighton (3.50) Crystal Palace (4.10)19:30: (1.63) Man.City (4.55) Man.Utd. (5.20)22:00: (1.33) Chelsea (5.50) Brentford (8.50)22: 00: (4.40) Southampton (3.90) Tottenham (1.75)Monday23:00: (1.75) Bournemouth (3.70) West Ham (4.70)***odds are subject to change***

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