Manchester City FC has announced a financial shortfall of £9.9 million ($13 million) for the 2024-25 fiscal year, attributing this loss to their third-place position in the English Premier League and an early departure from the UEFA Champions League.

Having achieved profitability in nine out of the last ten years, the club has now entered the negative after a significant 113 percent drop in earnings for the year ending June 30, 2025. Although revenue totaled £694 million, marking the third-highest figure in the club’s history, it still fell £21 million short compared to the prior year.

The 2024-25 season marked the first time in eight years that City did not secure a trophy, a stark contrast following four consecutive Premier League championships.

Chairman Khaldoon Al Mubarak commented, “There is no doubt that last season’s football results were less than we had hoped for,” while also indicating that “seasons like this are an inevitable part of the game.”

The club reported a profit from player transfers amounting to £95 million, a decrease from the £139 million achieved the previous year.

Additionally, City made significant investments during the summer transfer window, acquiring seven players for over £176 million, which included Tijjani Reijnders from AC Milan for £46 million and Rayan Cherki from Lyon for £34 million.

Sheikh Mansour bin Zayed Al Nahyan, the UAE’s vice-president and deputy prime minister, purchased Manchester City for £210 million back in 2008.

Currently, the club is awaiting the outcome of an investigation by the Premier League concerning allegations of breaching over 100 financial regulations between 2009 and 2018.