Manchester City

Squad cost ratio (SCR) for the 2026/27 season: the Orange Ledger's independent estimate for the Premier League's 1 March 2027 test, updated as new data arrives.

SCR under the rule74.4%Range 68.3% to 78.5% · ranked 10 of 20

Before player-sale profit86.4%Squad costs against revenue alone

Distance to 85%10.6 ptsBelow 85%: no levy

Where the revenue goes

Squad costs as a share of revenue

Squad costs under the rule

Player and head-coach wages £330.1m
Transfer amortisation £272.0m
Agents' fees £25.2m
Head-coach fees to other clubs £5.7m
Remaining revenue

The squad costs the same £633.1m in both rings; only what it is measured against changes. Adding the three-year average profit on player sales (£118.4m a year) to revenue takes the ratio from 86.4% to 74.4%, so selling players is worth 12.0 points to Manchester City under the rule.

Squad costs and revenue: the Orange Ledger's estimate for the 1 March 2027 test, rolled forward from the 2024/25 accounts; three-year average of player-sale profit. The 85% tick marks the rule's limit on each ring.

Filed accounts, 2024/25

Revenue, £m: 694.1
Profit before tax, £m, as filed: (9.9)
Net assets, £m: 858.4

Premier League, club company accounts as filed at Companies House, read twice. Losses and net liabilities in brackets.

20 seasons of finances →

Next date for Manchester City31 March 2027Manchester City's 2025/26 accounts due at Companies House: the filing that tests this estimateFull calendar →

How the SCR is built

Estimate for the 1 March 2027 test, £m

Player and head-coach wages	330.1
Transfer fees, spread over contracts	272.0
Agents' fees	25.2
Head coach's fee to another club, spread over his contract	5.7
Squad costs	633.1
Revenue counted by the rule	732.9
Three-year average profit on player sales	118.4
Revenue plus averaged sale profit	851.3
SCR under the rule	74.4%
Before player-sale profit	86.4%

SCR = squad costs ÷ (revenue counted by the rule + three-year average profit on player sales).

Latest filed accounts

2024/25, year to 30 June 2025, £m

Turnover	694.1
Matchday	75.1
Broadcasting uefa	70.7
Broadcasting other	208.0
Commercial	340.4
Staff costs, all employees	408.4
Transfer fees written off (amortisation)	169.5
Profit on player sales	95.2
Profit or loss before tax	(9.9)
Squad book value (player registrations)	654.0
Transfer fees owed to other clubs	423.0
Transfer fees owed by other clubs	95.5

Manchester City Football Club Limited (company 00040946), as filed at Companies House. The SCR uses the club's accounts, rolled forward to 2026/27.

SCR 2026/27 articles

Summer window Manchester City's squad cost ratio: a large cost base, on the line before a single sale 18 September 2026

Figures are from the latest completed checkpoint. They are the Orange Ledger's estimates, not official figures. Manchester City's finances, season by season · All 20 clubs.

Financial sanctions on record

2026Premier League commission: Not yet decided: to be set at a separate hearing. City have said they will appeal; the deadline was 2 October 2026.
2020UEFA: Two-season ban from UEFA competitions and a €30m fine. Overturned by the Court of Arbitration for Sport on 13 July 2020: the ban was lifted, most allegations were found not established or time-barred, and the fine was cut to €10m for non-cooperation.

Every decision, with its source, is in the sanctions register.