Man City ranked for financial sustainability in new league table

Manchester City have been ranked as the third-most financially sustainable club in Europe, according to a new study.

The club set a British record with £712.8m of revenue in 2023 and were ranked second behind Real Madrid in the latest Deloitte Money League. And while City may be facing 115 Premier League charges over historical financial allegations that they deny, behind their growth has been a determination to be sustainable.

Off The Pitch, which specialises in the business of football, has compiled their annual report looking back on a three-season period between 2020 and 2023 to assess how healthy the finances of each European club are. All are assessed on EBITDA (earnings before interest, taxes, depreciation and amortisation), equity ratio and return on assets to calculate how efficient and productive they are as a business.

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Top spot has gone to Norwegian side Bodo Glimt, who have built on domestic success with progress in the European competitions and quadrupled their turnover since 2018. Behind them are Erling Haaland's former club Molde, up from 8th place in the previous year; in the top ten, there are six Scandinavian teams.

City are the only English representative - with Tottenham having tumbled out from last year - and are the best-placed of any team in the big five European leagues as they rise from fifth to third, ahead of Fiorentina in fourth. Atalanta (sixth) and Napoli (ninth) are in the top ten, with Atalanta having topped the list last year.

The Blues are intent on pressing ahead, having signed several new sponsorship deals on the back of their Treble success. Khaldoon Al Mubarak, the club's chairman, said that "success today simply means further investment for tomorrow" as they build for more.

However, how sustainable their success and finances are will depend heavily on the outcome of the hearing into their Premier League charges scheduled for later this year, with unprecedentedly severe punishments possible if they are found guilty of the most serious accusations.