Man City makes record revenues

Manchester City chairman Khaldoon Al Mubarak says the Premier League champions are chasing “unprecedented goals” after reporting record revenues and profits for the 2021/22 season on Monday.

City, last month named club of the year at the Ballon d’Or ceremony, recorded revenues of £613 million ($702 million) and a profit of £41.7 million for the period covering July 1, 2021 to June 30, 2022 as the financial impact of the Covid-19 pandemic ebbed.

It is the second-highest revenue figure in English club history after Manchester United’s annual revenues hit £627 million in 2019.

Al Mubarak said City’s ownership are achieving the goals set out when the Abu Dhabi United Group took over the club 14 years ago.

“In 2008, we gave ourselves the target of exceeding the benchmarks that had been set by others within football and, in doing so, to also exceed the new standards that we believed leading clubs would achieve in the time it would take us to catch up,” he wrote in the report.