City report record revenues of £613m in 2021-22 annual report
By Ric Turner, Mon 07 November 2022 20:32
Blues now ranked as the second most valuable brand in world football
City today reported record profits of £41.67m in their annual report for 2021-22, and revenue of £613m, up £43.2m from the previous year.
The return of fans to the Etihad Stadium following the Coronavirus pandemic, continuing on-field success and a substantial profit on transfers were all significant factors in the club's impressive accounts.
The Blues are now ranked as the second most valuable brand in world football according to the latest Brand Finance report.
Chairman Khaldoon Al Mubarak said: "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 we believed leading clubs would achieve in the time it would take us to catch-up," said club chairman Khaldoon al-Mubarak.
"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."
Chief Executive Officer Ferran Soriano added: "Our strong revenue performance was due to multiple factors, but ultimately driven by the beautiful football we play and the continuous fan growth that it generates; more fans, more audiences, more people in the stadium, and more partners that want to be commercially associated with Manchester City."