Champions League Final Tickets: Manchester City overtake Manchester United in incomes for the first time
Manchester City sold more than rivals Manchester United for the first time last season, according to newly released figures, underscoring the impact of the pandemic and the emergence of a new power in English and European football. The Champion League Final fans can buy Champions League Final Tickets from our website.
Manchester City overtake Manchester United in revenues for the first time |
Winning the Premier League title and reaching the UEFA Champions League final helped City generate €644 million in business revenue for the 2020/21 season, a 17% increase from a year earlier, according to a KPMG consultant. The figure includes broadcasts, match days and commercial revenue.
In a report, KPMG said
Manchester United were the highest-earning club in the league's history, with a
turnover of €557 million in the same period. The team has won a record 13
titles since the retirement of head coach Sir Alex Ferguson in 2013 but has
been unable to break the record since 2013.
After UEFA's leading body
projected European clubs would miss out on £9bn in 2019-20, the City's rise was
enhanced with the selection of manager Pep Guardiola in 2016, who led the team
to three titles in five years, and gains euros 2020-21 quarters.
Manchester City transported
€129.5 million for UEFA and reached the Champions League final last season,
according to KPMG.
The pandemic has disrupted
football's finances and with matches played in full stadiums, United is likely
to regain its revenue dominance this year.
KPMG Football Benchmarks
will not disclose City's personnel costs, profit and loss figures but will
provide a preview of the club's finances before the accounts are released in
the coming days, a person close to the club said. KPMG said the facts were
decided by Manchester City. New York-listed United has released its accounts
for the 12 months ended June 30 last year.
Manchester United was the highest-earning club in the league's history |
Generally, City's broadcast incomes rose 55% to €335.5 million, KPMG figures show, although that figure is too high as some games have been moved from last season to 2020/21.
As games are largely played
in empty stadiums due to the pandemic, the recovery in broadcast revenue has
helped to offset almost the entire loss of revenue on matchdays. Manchester
United suffered excessively as the ground grips about 20,000 more persons than
City's 55,000-seat stadium.
Commercial incomes in the
city rose by 8% to EUR 307.9 million. The club has been owned since 2008 by billionaire
Abu Dhabi royal family Sheikh Mansour bin Zayed al-Nahyan. The club is owned by
an Abu Dhabi-based company. Other
partners include German sportswear group Puma, Etihad Airways, and
telecommunications company Etisalat.
United's commercial incomes
fell nearly 17% year-on-year to £232.2 million in the 12 months to June, with
some sponsors delaying payments due to the coronavirus pandemic. However, the
team has signed tech company Team Viewer as the shirt's title sponsor,
extending several deals.
United noted the club's
"strength and resilience" during the pandemic, "despite a
significant loss of revenue from normal levels of games behind closed
doors".
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