Manchester City suffer HUGE net debt after spending over £350m on transfers in 2024/25

Manchester City have reported a net debt of £328 million in their 2024/25 accounts after spending over £350 million on new signings. City’s record spending spree came after a dip in domestic form last season, where they lost nine matches, the most in a season since Pep Guardiola’s appointment.

Three of the 13 signings included Omar Marmoush, Tijjani Reijnders and Rayan Cherki. This saw transfer-related debt increase massively by £218 million from £110 million. Over £100 million of this debt is due in the current season.

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The debt was partially offset by the £145 million received from the sales of players including Julian Alvarez, Joao Cancelo and Taylor Harwood-Bellis.

Player trading has been a major driver of City’s recent financial success, with around £500 million generated from players sales over the last five years, more than any other Premier League club.

The player-related debt has contributed to Man City’s first net loss since COVID. The club suffered an overall net loss of £10 million, down from a £73 million profit in 2023/24. Whilst player sales offset higher finance costs from…

City’s total revenue also decreased from £715 million in 2023/24 to £694 million. This decline is due to lower Premier League broadcast distributions and lower UEFA payments. City received £75 million in UEFA revenue in 2024/25, the lowest figure among English clubs competing in the Champions League.

Due to the lower revenue and reduced player profits, Man City are currently operating at a loss of £93 million.