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Manchester City’s finances outweigh United for the first time

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Manchester City’s performance last season surpassed that of Manchester United players for the first time, according to recently released figures, which underscores the impact of the epidemic and the recent rise in power in English and European football.

Winning Premier League competition and reaching the final of the Uefa Champions League helped raise City’s running costs to € 644m in the 2020/21 season, up 17 percent a year, according to KPMG experts. The figures include broadcasting, match date and sales revenue.

Manchester United, the history of the richest club in the league in terms of money, made € 557m immediately, KPMG reported. The team, which has won 13 times, has failed to increase its numbers since 2013, when manager Sir Alex Ferguson retired.

City’s rise to prominence is further enhanced by the appointment of 2016 manager Pep Guardiola, who has led the team to three new positions in five years, and comes after Uefa governing body estimates that European clubs will miss € 9bn in 2019-20 and 2020. -21 seasons. .

City’s run to the final in the Champions League has earned them € 129.5m from Uefa, according to KPMG.

The plague has tarnished the image of football, with United returning the money they earned this year as the game is being played in many stadiums.

The KPMG Football Benchmark, which did not disclose City City staff rates, gains or losses, provides an overview of the club’s financial statements before releasing its accounts in the coming days, according to a person close to the club. KPMG says the figures were confirmed by Manchester City. Manchester United accounts signed in New York 12 months ago June 30 were released last year.

Overall, City’s revenue stream rose 55 percent to € 335.5m, according to KPMG, although the figure rose as other games moved in 2020/21 from the previous season.

Repaying the money earned on television has helped reduce the loss of money earned on the day of the game as the games were played mainly in empty stadiums due to the epidemic. United suffer the most because their club accommodates more than 20,000 people than City’s 55,000-seat stadium.

City revenues rose 8 percent to € 307.9m. The club, which has been owned by Sheikh Mansour bin Zayed al-Nahyan since 2008, a multi-billion dollar member of the Abu Dhabi royal family has several ties to Abu-Dhabi companies, including an agreement signed last week with the Masdar renewable energy group. Other sponsors include Etihad Airlines, telecoms company Etisalat and German sportswear group Puma.

U.S. trade deficits fell nearly 17% annually to $ 232.2m in the 12 months to June, with some donors delaying payments for Covid. But the team has signed up Technology company TeamViewer as a helper to his big shirt and adding a few more commercials.

United also spoke of the team’s “strength and resilience” through the strike, “although money was lost from normal levels when matches were played without doors”.

The KPMG report analyzed the finances of eight European competitors.

City declined to comment.

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