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Manchester City’s revenue surpasses United’s for the first time

Manchester City’s revenue last season surpassed rival Manchester United for the first time, underlining the impact of the pandemic but also the rise of a new force in football, according to newly released figures. UK and Europe.

Winning the Premier League and reaching the final of the Uefa Champions League has helped push Man City’s operating revenue to 644 million euros for the 2020/21 season, up 17% year-on-year, according to experts. consultant at KPMG. Numbers include broadcast, competition dates and commercial earnings.

Manchester United, historically the richest club in the league by revenue, generated 557 million euros in the same period, KPMG said in a report. The team, which has won the title a record 13 times, has not been able to add to the list since 2013, when manager Sir Alex Ferguson retired.

City’s rise to prominence accelerated with the appointment of manager Pep Guardiola in 2016, who led the team to three titles in five years, and comes after governing body Uefa estimated that the European clubs will miss out on €9 billion in revenue for the 2019-20 and 2020-21 seasons.

According to KPMG, Man City reaching the Champions League final last season led to an income of 129.5 million euros from Uefa.

The pandemic has distorted the financial picture of football, while United could regain their top revenue position this year as matches are played in stadiums at full capacity.

According to a person close to the club, KPMG Football Benchmark, which does not disclose figures on staff expenses, profit or loss for Man City, offers a preview of the club’s financial position before publication. publish their accounts in the coming days. KPMG said the figures were confirmed by Manchester City. The Manchester United accounts listed in New York for the 12 months ended June 30 were published last year.

Overall, Man City’s broadcast revenue grew 55% to €335.5 million, according to KPMG, although the figure has been inflated as some games have been moved to 2020/21 compared to the previous season. .

The recovering broadcast income helped offset the loss of nearly all of the game day revenue as matches were played mostly in empty stadiums because of the pandemic. United suffer insignificant loss because their stadium holds about 20,000 more people than Man City’s capacity of 55,000.

The City’s commercial revenue increased 8% to 307.9 million euros. The club, owned since 2008 by Sheikh Mansour bin Zayed al-Nahyan, a billionaire member of the Abu Dhabi royal family, has numerous partnerships with companies based in Abu Dhabi, including a The deal was signed last week with renewable energy group Masdar. Other partners include Etihad Airways, telecommunications company Etisalat and German sportswear group Puma.

United’s commercial revenue fell almost 17% year-on-year to £232.2m in the 12 months to June, with some sponsors delaying payments because of Covid. However, the group signed up Technology company TeamViewer as the main shirt sponsor and has renewed a number of deals.

United have pointed to the club’s “strength and resilience” through the pandemic, “despite a significant loss of revenue from normal levels while games are played behind closed doors”.

The KPMG report analyzed the finances of eight European league champions.

City declined to comment.

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