Manchester City becomes the first team to have a £1 billion squad in football history as they report double profits in 2022 financial reveal

Manchester City have reported a profit worth £41.7 million, doubling their previous record. Their squad is also valued at £1 billion, and is the first team to have achieved this feat. 

They are currently two points behind league leaders Arsenal, and are strongly favoured to retain their Premier League title. 

Manchester City reveal financial records for past year 

City CEO Ferran Soriano commented: 

“Over the last five years, we have seen incredible growth in our global fan numbers. In the US, where we held our pre-season tour in summer 2022, it was encouraging to see the incredibly large number of blue shirts at our games and how our international fanbase is enjoying our football.

“We also conducted our transfer business optimally, welcoming new players and seeing others go on to new challenges, generating important profits for our club. Overall, Manchester City generated record revenues of £613.0 million and record profits of £41.7 million, the latter being more than double the previous club record.”

The squad assembled right now is among the best in the Premier League, featuring the best players in every position. Erling Haaland, Kevin De Bruyne, Phil Foden, Ruben Dias, Ederson and Joao Cancelo all contribute significantly to the valuation, helping them reach the milestone.