City Football Group showcase mixed Annual Report despite success

Avatar
Manchester City Etihad Stadium
Image credit: Thomas McAtee via Shutterstock

City Football Group (CFG) have recently recorded losses of £112 million ($215 million AUD) for the 2022/23 financial year despite generating a record-breaking revenue of £877.1 million ($1.68 billion AUD)

It has been confirmed that the multi-club ownership – in which of most notably of Australia’s own Melbourne City, Japanese outfit Yokohama F. Marinos, MLS staple New York City, and LALIGA’s Girona FC have risen considerably.

In comparison to the year prior and recording up until June 30, 2023, have the group’s revenue climbed by £172 Million ($331.25 million AUD) matchday revenue figures of £100.8 million ($194.8 million AUD) with commercial activities generating mass figures of £417.4 million ($803.85 million AUD). Broadcast income totals were tallied at £453.8 million ($873.95 million AUD), while City’s profit hit £80.3 million ($154.65 million AUD) a rise from the year prior in which was recorded at £41.7 million ($80.31 million AUD) – during their maiden treble-winning season. 

So, the question begs. How are CFG bleeding losses? It must be acknowledged that CFG have introduced clubs within multiple countries across the globe throughout the last few years that have slowly shifted the group of its financial focus. Italian outfit Palermo, Brazilian side Esporte Clube Bahia, and Indian Super League Mumbai City combined cost CFG a grand total of £77 million ($148.29 million AUD) The group has established quite the immense portfolio, with now 12 clubs underneath the city umbrella. The powerhouse which is the mantle piece of the group continues to account for the majority of the revenue accumulated by the contingent. 

Their Manchester club both on and off the pitch have continued to make ground-breaking, trailblazing manoeuvres. Their recent target of generating revenue of £712.8 million ($1.3 billion) set a new premier league record. In comparison to other clubs within the umbrella, New York City FC and Girona FC reported an annual turnover of almost £50 million ($96.29 AUD), less than 15% of Manchester City’s total revenue generated. 

Previous ArticleNext Article

Football Queensland and SW Brokerage begin new partnership

Avatar
Image credit: Wirestock Creators / Shutterstock.com

In an announcement made on Tuesday, Football Queensland revealed that SW Brokerage will become their new Official Financial Wellbeing Partner.

A partnership for on and off the pitch

By collaborating with SW Brokerage, Football Queensland now has an immensely experienced and knowledgable partner capable of pushing them towards their financial goals.

Football Queensland CEO, Robert Cavallucci, revealed his confidence that such an alliance will bring huge benefits to clubs and participants in Queensland.

“We’re delighted to welcome SW Brokerage to support our participants across the state to better understand the financial products and services they can benefit from through tailored financial education guides, articles and webinars,” Cavallucci said via official press release.

“As a Residential, Commercial and Business brokerage, SW Brokerage provides services for a variety of clients from first home buyers to commercial loans, SMSF lending and more, and bring a wealth of knowledge for our football community to tap into.”

As Football Queensland continues to form partnerships which can maximise growth and sustainability in the seasons to come, it is no wonder why bringing SW Brokerage on board is seen with such pride.

 

The foundations for a sustainable future

News of collaboration between SW Brokerage and Football Queensland represents another huge milestone for Football Queensland’s future.

In the last two months alone, Football Queensland revealed three partnership agreements, all of which reflect an ambition to support long-term growth across the region’s football pyramid.

  • Restore Function Physiotherapy – Official Physiotherapy Partner
  • BildGroup – Official Infrastructure and Surfacing Partner
  • SW Brokerage – Official Financial Wellbeing Partner

Additionally, if Queensland’s football community is to lay the foundations for future generations of players, coaches and industry leaders, partnerships of this nature will be essential.

They are not established as simple, short-term collaborations, but are effective alliances which can bring real benefits to all involved in the region’s football community.

About SW Brokerage

With over 100 years of combined experience, SW Brokerage is a trusted team of experienced professionals offering help and guidance with a multitude of financial solutions.

They offer services across residential, commercial, business, SMSF, medical and construction lending. However, despite their obvious financial prowess, they also valuable a personal approach. The team ensures that processes are simple and tailored to their clients needs and financial goals.

For more information about SW Brokerage, click here. 

Football Victoria Announces 2026 Country Championships To Be Held in Geelong

Avatar
Image Credit: Football Geelong

Football Victoria (FV) is delighted to confirm that the 2026 Football Victoria Country Championships will be staged in Geelong from June 6-8, 2026.

Over three days, the state’s top regional footballers will compete at Stead Park and Myers Reserve, home to Geelong SC and Geelong Rangers.

The Championships enter their second year under FV’s direct management. This marks the first event since the new regional football model launched in December 2025. Last year, Albury-Wodonga set a new standard. The event drew 4,000 visitors, 69 teams, and more than 1,200 players from across Victoria.

This year, eight regions converge at Geelong. Players, coaches, officials, and families will gather for one of the most anticipated tournaments in the competition’s 40-year history. The Championships remain central to FV’s talent identification strategy. Regional players have a prime opportunity to impress FV’s Talent ID team.

Regional Development Manager Lauren Stevens said she is proud to oversee the event for a second year. “This is the biggest annual celebration of regional playing talent. We’re thrilled to bring the Country Championships to Geelong in 2026,” Stevens said. “With great venues and strong support from the City of Greater Geelong, Football Victoria Geelong, Geelong SC, and Geelong Rangers, this will be an enormous event. We look forward to welcoming every region for a special weekend of football.”

CEO Dan Birrell highlighted the Championships’ vital role for regional football and the FV talent pathway. “This tournament remains one of Victoria’s longest-running football events. It’s a key pillar in our talent identification program. I look forward to celebrating another outstanding Championships with the regional football community.”

Most Popular Topics

Editor Picks

Send this to a friend