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Manchester City have released their financial results for the 2024/25 season but a number of transfers are not included.
Manchester City have removed £50m in wage from their books this season after a year that chairman Khaldoon Al Mubarak described as 'pivotal for the ongoing and long-term strengthening of the club'. The Blues became the first club to break the £400m barrier for wages in 2023 after their Treble success and it remains there in the 2025 accounts.
However, there has been another decline - from £412m to £408m - and the latest figures do not take into account the exits of several high earners, who left after the end of the 2024/25 accounting period. Taking Ederson, Kyle Walker, and Ilkay Gundogan off the wage bill, as well as loanees Jack Grealish and Manu Akanji, will see over £50m removed from the next set of accounts.
The arrivals of Gianluigi Donnarumma and James Trafford, as well as the other summer signings, take away from some of that saving but City's overall wage bill should still fall well below the £400m mark. With several senior stars having left the club in summer and a host of new signings made across 2025, chairman Al Mubarak believes that the work done with the squad over the last 12 months could have set them up for a new chapter.
“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 the chairman. “Our focus on continuous improvement did not diminish in any way, and the season saw everyone across the organisation remain committed to the ongoing evolution of Manchester City both on and off the pitch.
“There is no doubt that last season’s football results were less than we had hoped for. There are clear and understood reasons for that, including an unfortunate run of significant injuries, 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.”
City reported a loss across the 2024/25 season of £9.9m in a season where they failed to win any silverware for the first time in eight years. The club managed to bring in £694m in revenue, which is their third-highest total, but saw slight drops across commercial, broadcast and matchday money.
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