November 07, (THEWILL) – The 2021/2022 season brought in record income in both revenue and profit for Manchester City.
Making this public, club chairman, Khaldoon Al Mubarak, revealed that they were starting to “achieve our long-term ambition”, as stated in the 2008 takeover. For the fiscal year that concluded on June 30, 2022, City earned £41.7 million in profit, an increase of £39.3 million over the previous year.
According to the club, their profits for the 2021/2022 season were “more than double the previous club record.” The coronavirus pandemic’s effects on stadium attendance, an increase in commercial revenue, and player sales all helped City’s finances tremendously.
City made £67.7 million in profits from player sales over the relevant time period, which translates to more than £250 million over a five-year period. This excludes their negotiations prior to the 2022/2023 season, which the club described in their statement as “unprecedented.”
Al Mubarak believes the English Premier League champions are starting to be seen as the “benchmark” in world football, with City’s overall revenues climbing by £43.2m from the prior year.
About the Author
Jude Obafemi is a versatile senior Correspondent at THEWILL Newspapers, excelling in sourcing, researching, and delivering sports news stories for both print and digital publications.
