Manchester City’s income beats Manchester United
Revenues at City were up 17 per cent driven by growth in broadcast revenue
Manchester City has now surpassed rivals Man United after recording revenues of £537M in 2020-21 and the 'noisy neighbours' have the most valuable squad in the world
European Champions Report 2022 — compiled by KPMG - reveals Manchester City have overtaken Manchester United in terms of income for the first time
Revenues at City were up 17 per cent driven by growth in broadcast revenue
The club enjoyed a hugely successful season in 2020-21, including progress to the Champions League final, which brought in extra cash and TV money
Manchester City posted record revenues of almost £570million – figures boosted by their run to the Champions League final.
The Premier League champions returned a small profit of £2.4m after taking a £126m loss the season prior in response to the coronavirus pandemic.
City sources were keen to stress that their progress during the pandemic should be measured across two years and factor in the losses incurred the previous season.
Michael Owen scored the winner for Manchester United against Manchester City in September 2009 and the win led Alex Ferguson to dismiss City as the 'noisy neighbours'
Broadcast revenues totalling £297m, announced in the club’s annual report, include matches staged during Project Restart in 2020. Commercial revenues increased to £271m after a wave of new partnerships.
City could potentially pay up to a further £228m on their current squad should certain additional clauses and bonuses be met – some based on the team’s performance. Wages increased to a record high of £354m, up by £3m and covering 509 employees across football and administration staff.
‘COVID-19 did not stop us, and we continued to grow, innovate and develop new ideas,’ chief executive Ferran Soriano said.
City’s report documented research undertaken by Brand Finance places them as the fourth most valuable football brand in Europe.
