The nature of City’s revenues has created an opportunity for the club to help supportersYou will likely have seen the news by now:
Manchester City have recorded a higher revenue than Manchester United for the first time in the club’s history.
City’s annual report revealed that the club’s revenues for the 2020/21 financial year were £569.8m, significantly higher than United’s £494m.
It appears that Pep Guardiola’s side are not just miles ahead of their cross-town rivals on the pitch, but off it too.
Many of us have revelled in this watershed moment over the past 24 hours, and understandably so.
But when the dust settles and we’ve finished comparing bank balances, there is a very real question we should be asking City : what does this news mean for supporters?Sceptics will point out that the pandemic has significantly skewed the figures, and they’d be right.
The fact that most games over the 2020/21 period were played behind closed doors decimated both clubs’ matchday revenues but has hit United much harder than it has City.
The figures also include income from the tail end of the 2019/20 season, as Project Restart and the Champions League knockout mini-tournament fell inside the 2020/21 financial year.
That benefitted City more than it did United.But the main reason why City’s revenue has risen by more than £90m is their success on the pitch and commercial revenue.According to accountancy firm KPMG, Guardiola’s side’s run to the Champions League final alone netted the club £108m in prize money, while the aforementioned Project Restart and Champions League knockout tournament in 2020, the Premier League and Carabao Cup triumphs in 2021 and the run to the 2021 FA Cup semi-final gave City a broadcast income of almost £300m.