manchester City Reports Record Revenues
Premier League football club Manchester City has reported club record revenues of £613m and profits of £41.7m for the 2021-22 season.
This is the second highest revenue ever recorded in English club history after Manchester United’s £627m in 2019.
According to the club, much of the financial success was driven by the team’s on-field performance, which ultimately saw City winning its sixth Premier League title since the 2008 takeover by the Abu Dhabi United Group.
The club’s £41.7m profit is up from £2.4m in the previous year, with revenue increasing by £43.2million from 2020-21, which the club attributes to rises in commercial and matchday revenues.
The club’s report also underlines its smart work in the transfer market, with significant portions of the profits attributed City’s player sales. It recorded a profit of £67.7million from transfers, a figure it expects to increase for the current season after selling the likes of Gabriel Jesus, Oleksandr Zinchenko and Raheem Sterling.
City chairman Khaldoon Al Mubarak, said, “The statistics and results show that in many ways we are beginning to achieve our long-term ambition. As the 2021-22 season ended, our men’s team, under Pep Guardiola’s stewardship, lifted the Premier League trophy for the fourth time in five years; our youth teams won the U18 league titles and the Premier League 2 for the second successive year.
“A clean sweep of Premier League titles two years in a row. In addition, our women’s team qualified for the Champions League for the seventh successive season. Over the summer, seven City players went on to lift the UEFA Women’s EURO 2022 trophy.
“Important off-field metrics also gave us the right indications. Our motivation to place the COVID-19 pandemic firmly behind us helped our talented people achieve the most successful financial year in the Club’s history; the best players in world football are making us their destination of choice; our player trading was executed with great skill and positive financial outcomes, and our commercial partnerships continued to deepen and expand by geography and sector.”
Ferran Soriano, City’s chief executive officer, added, “From a business perspective, this was the first season in which we could begin to put the financial impact of the COVID-19 pandemic behind us, and we did it breaking Club records for both revenues and profits.
“Our strong revenue performance was due to multiple factors, but ultimately driven by the ‘beautiful football’ we play and the continuous fan growth that it generates; more fans, more audiences, more people in the stadium, and more partners that want to be commercially associated with Manchester City.”
