Manchester City’s income is now more than rivals Man United after a £537m turnover in 2020-21 and the ‘noisy neighbours’ have the most valuable squad in the world
- European Champions Report 2022 – compiled by KPMG – reveals Manchester City has overtaken Manchester United for the first time in terms of revenue
- Revenues at City increased 17 percent thanks to growth in staffing revenue
- The club had a hugely successful season in 2020-21, including through to the Champions League final, which brought in extra cash and TV money.
Loud neighbors are annoying, but if they start earning a lot more than you, it must be almost unbearable.
That is the current situation in Manchester.
In 2009, Sir Alex Ferguson dismissed local rivals as ‘noisy neighbours’ after one last gasp in the Manchester derby at Old Trafford, where Michael Owen took a 4-3 win for the Red Devils.
Just over a decade later, City posted an income higher than their old rivals Manchester United for the first time.
Manchester City’s earnings have overtaken Man United’s earnings for the first time
Despite the challenge of the Covid pandemic, City posted total operating income of £537 million in 2020-21, up 17 per cent on the previous year, largely driven by rising staffing revenues.
The figures are included in the European Champions Report 2022 — prepared by KPMG.
City’s success on the pitch, most notably their progress to the Champions League final in Portugal where they lost 1-0 to Chelsea, pushed TV revenues to £296 million, while match day income fell to £10,000. 667,000, due to Covid.
Michael Owen scored the winner for Manchester United against Manchester City in September 2009 and the win prompted Sir Alex Ferguson to dismiss City as the ‘noisy neighbours’
Triumphs in the Premier League and Carabao Cup also helped to secure a £257 million commercial income.
United, on the other hand, posted an income of £464M, a gap of £73M.
City was also calculated to have the highest market value in the world, having crossed the £1 billion threshold.
Team value was fueled by Phil Foden who was City’s most valuable player at £97M, Kevin De Bruyne and Ruben Dias at £87M and is now valued at £1,030M.
While City’s revenues rose, the club also posted a net spend of £245 million on transfers and have one of the biggest wage bills in football.
Since 2008, Sheikh Mansour, one of the richest owners in football, has been the majority owner of Manchester City.