LONDON: Manchester City’s income exceeds Manchester United’s arch rival for the first time last year, the Premier League champions revealed in their latest financial accounts on Wednesday.
City reported club record revenues of £ 569.8 million ($ 780 million) for this season which won the title 2020-21.
Pic Credit: @mancity Twitter Handlethat is an increase in 19 percent income in the previous year, with an overall profit of £ 2.4 million.
Crossing Manchester, United, who finished 12 points behind the city in the last term Premier League, revenues of £ 494.1 million for the financial year ended June 30, 2021.
The latest city numbers, published in their annual reports for 2020 -21, reflecting a very successful campaign for the Pep Guardiola side.
Pic Credit: @mancity Twitter Handle won the Premier League and League Cup and reached the Champions League final for the first time, lost 1-0 for Chelsea in Porto.
Matchday’s income fell from £ 41.7 million to only £ 700,000 as a result of the match played behind the closed door in the middle of the Coronavirus pandemic.
Returning to profitability came after a loss of £ 126 million in 2019-20, when the pandemic was first beaten.
Pic Credit: @Mancy Twitter Handle “Season Closed with a team playing 63 from a maximum of 74 matches, bringing home the Premier League title, winning a record of eight league trophies, reaching the UEFA Champions League final for the first time and breaking the record of records.
This is not a club who gave up when the situation became difficult, “said Chief Executive of the City of Ferran Soriano.
“From a business perspective, we are happy to return to profitability, after successfully navigating the income challenges created by Pandemi.
Covid-19 does not stop us, and we continue to grow, innovate, and develop new ideas.
Pic Credit: @Mancy Twitter Handle “And while we can’t ignore the pain of losing trophies in Porto in our first UEFA Champions League final, we also have to stop to enjoy the fact that Manchester City have won three of the last four Premier League titles, and now looking forward to what can be We do to achieve greater success at the next stage of our trip.
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