Manchester City has emerged as one of the biggest clubs in the world, thanks to their success in the past five years. The club has bagged four Premier League titles, one Champions League, and multiple other cups during this tenure. Fans have firmly stood behind their team during this time, with the team’s home stadium becoming a literal fortress.
The success has also seen the club turn in record profits. Manchester City has earned a record $750 million in revenue across all their income streams. However, while the club’s actions have helped it grow as a financial machine, it has not gone down well with some fans. A group of fans brought along a banner to the Etihad before the game against Arsenal to voice their frustrations.
Making our point pre-match. pic.twitter.com/mUbRNWDkti
— 1894 (@WeAre1894) March 31, 2024
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Fans held multiple banners that read, “Record profits but record prices. Stop exploiting our loyalty.” It seems like supporters are not too happy with the recent increase in ticket prices. According to further updates, the security present at the stadium confiscated the banners before the kick-off, a move which might further annoy the fans.
Manchester City rakes in record profits during 2022-23 season
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The Cityzens have worked as a perfect financial machine in recent years, capitalizing on their success. The club on the back of their achievements has signed some big money deals, with sponsors eager to partner with the clubs. Manchester City registered a record profit last season with the club earning over $750 million in revenue. According to reports, the club’s profits were close to the $95 million mark, which is almost double what the club made in 2021-22.
Their dominance has been pretty evident, with Manchester United registering a revenue of $620 million, over 100 million less than their arch-rivals. A massive chunk of the club’s revenue has come from the broadcasting deals, with the club taking the winner’s share of the deal. So it is understandable that the club wants to raise ticket prices, as they believe they are a bigger entity a season ago. However, it will be interesting to see if the club responds to the outrage in the coming weeks.
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What are your thoughts on Manchester City fans protesting against the club? Let us know in the comments below.