Izuchukwu Okosi
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In latest financial reports made available to the media, Premier League champions Manchester City has overtaken Manchester United for revenues generated for the first time in their history last season.
City recorded a total operating revenue of €644 million, with a little over half being attributed to broadcasting income. This puts their revenue up 17 per cent from the previous year.
Manchester United totalled €557 million in revenue, €87 million less than City.
In the European Champions Report 2022 — compiled by KPMG — City were also revealed to have revenue that was 10 times more than that of Besiktas and Sporting CP.
City’s broadcasting revenue rose to €335.5 million while their commercial income hit €307.9 million.
This makes City the only league champions to register both annual growth in revenue, but also surpass their total income of the last pre-COVID-19 season that was 2018-19.
City’s enterprise value also grew to €2,170 million, making them the sixth most valuable club in the world
Izuchukwu Okosi is a Nigerian sports and entertainment journalist with two decades of experience in the media industry having begun his media journey in 2002 as an intern at Mundial Sports International (MSI) and Africa Independent Television (AIT), owners of Daar Communications Plc.
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