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Birmingham Post
Birmingham Post
Business
Jon Robinson

Premier League champions Manchester City score record revenues and profits after fans return to the Etihad Stadium

Premier League champions Manchester City have reported record revenues and profits for their latest financial year.

City achieved revenues of £613m for the 12 months to June 30, 2022, up from £569.8m in the prior year, while their pre-tax profits surged from £5m to £41.7m.

The club said that fans returning to the Etihad Stadium and the increase in commercial revenues helped them to the record results.

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Matchday revenue for the year totalled £54.5m, an increase of £53.8m, due to all 27 home games being played in front of a full capacity crowd.

Broadcasting revenue totalled £249.1m, a decrease of £48.4m. The club said this was "primarily due" to playing 13 fewer home and away games across all competitions.

Other commercial revenue for the year totalled £309.5m, an increase of £37.8m over the prior year due to new sponsorship agreements and the return of concerts to the Etihad stadium following Covid-19.

Chairman Khaldoon Al Mubarak said: "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.

"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."

He added: "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."

Chief Executive 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."

He also said: "Ultimately, the 2021/22 season was representative of the football standards that we have set ourselves as we continued to deliver on our ownership’s vision and plans."

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