Many Manchester City supporters have been reacting on social media after the Premier League leader overtook United for revenue for the first time in their history last season.
Winning the Premier League title and reaching the final of the Uefa Champions League helped push City’s operating revenues to €644m in the 2020/21 season, up 17 per cent year on year, according to consultants at KPMG. The figure covers broadcast, match day and commercial income.
United, historically the league’s richest club by revenues, generated €557m in the same period, KPMG said in a report. The team, which has won the title a record 13 times, has failed to add to its tally since 2013, when manager Sir Alex Ferguson retired.
City’s rise has accelerated with the 2016 appointment of manager Pep Guardiola, who has led the team to three titles in five years, and comes after governing body Uefa estimated that European clubs would miss out on €9bn of revenues across the 2019-20 and 2020-21 seasons.
City’s run to last season’s Champions League final led to income of €129.5m from Uefa, according to KPMG.
In the European Champions Report 2022 — compiled by KPMG — City were also revealed to have a revenue that was 10 times more than that of Besiktas and Sporting CP.
City’s broadcasting revenue rose to €355.5 million while their commercial income hit €307.9 million.
This makes City the only league champions to register both annual growth in revenue, but also surpass their total income of the last pre-COVID-19 season which was 2018-19.
City’s enterprise value also grew to €2,170 million, making them the sixth most valuable club in the world.
The news was shared on Twitter by City Xtra and it attracted plenty of attention from the club’s supporters.
That is an incredible achievement. Who’d have thought that 10yrs ago, ey?!
— Jack Ryan (@D2588Ryan) January 12, 2022
We are massive. We have done it over took them. About time. Come on cittttyyyyy 🔵.
— Akshith (@akshithrampras1) January 12, 2022
Officially a bigger club
— BP 🏴🇩🇿 (@BP9320) January 12, 2022
Manchester is blue 🔵
— Feel Foden (@Fordiinho) January 12, 2022
— Mfànaķåšie 🐬 (@braTforReal) January 12, 2022
Underdogs both on and off the pitch now 😂🔵 pic.twitter.com/5Ydubtl9yv
— Real Talk Manchester City (@RealTalkMCFC) January 12, 2022
An incredible achievement. Sheikh Mansour promised to turn us around both on and off the pitch. He has delivered. Most important person in our 130 year history. https://t.co/2qi1bgs3jA
— Miles Platting Supporters Club….mcfc (@HamnettPhil) January 12, 2022
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