Man City To Break Premier League Revenue Record With Over £700m In Earnings
Manchester City are poised to break the British revenue record by surpassing the £700 million mark this season, according to the Daily Mail
It would place them above their arch-rivals, Manchester United. The Red Devils currently hold the honour with £627 million generated during the 2018/19 campaign.
Officials at Old Trafford announced an expected revenue of between £630 million and £640 million for the ongoing year.
However, the bosses at the Etihad Stadium firmly believe that thier historic season under the guidance of Pep Guardiola will propel them to new heights. They expect to eclipse the £700 million barrier.
The revenue will come from different sources, such as broadcasting, media, and commercial endeavours.
A remarkable £300 million will come from City’s triumph in the Premier League A Cup, and Champions League.
Man City winning the Champions League alone contributed £113 million to the coffers.
Their ultimate revenue figure may fall short of the world record set by Barcelona in 2020 (£726 million).
However, the aftermath of Man City’s European glory in Istanbul will yield lucrative dividends beyond the current reporting period.
Moreover, the Man City retail sector has experienced an upswing. They saw a remarkable 81% increase in sales for the 2022/23 season.
The launch of their new home kit on May 19 resulted in a remarkable 84% surge in sales compared to previous seasons.
Additionally, commercial revenues will reach £300 million, complemented by matchday revenue of approximately £70 million.
While City’s ambitions may break records within the realm of football, NFL’s Dallas Cowboys currently occupy the pinnacle of the sports finance world.
They surpassed the $1 billion barrier thanks to several new sponsorships. The Texas franchise remains unchallenged atop the sports revenue food chain.
Nevertheless, Man City will retain their position atop Deloitte’s Money League for the third consecutive year. They continue to widen the gap between themselves and Real Madrid.
