Manchester City posted record revenues of £715m last season – but profit dropped from the previous 12 months.

For the 2023/24 season, when Pep Guardiola’s side achieved an unprecedented fourth Premier League title in a row, revenues increased from £712.8m to £715m for the year to June 30.

However, profits dipped from £80.4m in City’s treble-winning season to £73.8m, with a drop in broadcast income due to Guardiola’s side missing out on the Champions League final.

City’s current investments include a £300m expansion of the north stand of the Etihad Stadium.

Chairman Khaldoon Al Mubarak said in the club’s annual report: “Our constant ambition to target and achieve the unprecedented is a mark of the organisation that we have become.

“On and off the field, our passion for the next challenge is underpinned by deliberate and detailed planning and a shared belief in the collaborative learning culture that we have built.

“Our focus remains on further evolution and growth and therefore further value creation in all aspects of our business.”

City are awaiting a decision on the more than 100 charges of alleged breaches of financial rules brought against them by the Premier League, of which only brief mention was made in the financial report. The club have denied all charges.