Manchester City announce club-record £613 million revenue and £42 million profit for 2021-22 season
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As chairman Khaldoon Al Mubarak stated the club is beginning to “achieve our long-term ambition” set forth in the 2008 takeover, Manchester City declared club-record revenues and profits for the 2021–22 season.
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 2021–22 season were “more than double the previous club record.” The coronavirus pandemic’s effect on stadium attendance, a rise in commercial revenue, and player sales all helped City’s finances tremendously.
City claimed to have made £67.7 million in profits from player sales within the relevant time period, while the total over a five-year period exceeds £250 million. This excludes their negotiations before to the 2022–23 season, which the club described in their statement as “unprecedented.”
What Manchester City’s chairman had to say about unprecedented financial numbers?
Al Mubarak believes the Premier League champions are starting to be seen as the “benchmark” in world football, and City’s overall revenues climbed by £43.2m from the prior year. “As we reflect on the 2021-22 season, I do so with immense pride in the work and commitment of all of our City family, that has allowed us to emerge from the pandemic with strong finances and further on-pitch successes,” Al Mubarak said.
“We should feel uplifted by the collective achievements of so many and look to the future with anticipation, knowing our club is committed to accomplish so much more. 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.”
“Our aim was clear – to one day be the club that set the benchmark for others. The statistics and results show that in many ways we are beginning to achieve our long-term ambition,” he added.
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Sujeeth Shetty
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