Reigning England champions Manchester City’s turnover exceeded Manchester United for the first time last season, according to figures released by the Sky Blues on Wednesday. City’s turnover for the 2020-2021 season stood at an all-time high of 569.8 million pounds (around 683 million euros), up 19% year on year, for a profit of 2 , 4 million pounds (2.9 M EUR).
Second in the Premier League last season at 12 points, the Red Devils grossed 494.1 million pounds (592 million EUR) in turnover during the fiscal year which ended on June 30, 2021. , compared to 509 million (609.6 M EUR) the previous year. Winner of the Premier League and the English League Cup, City also reached the Champions League final for the first time in the 2020-2021 season (defeat against Chelsea).
A glaring illustration of the consequences of the Covid-19 pandemic, match-day income fell dramatically from 41.7 million pounds (nearly 50 million EUR) in 2019-2020 to 700,000 pounds (nearly 840,000 euros) the last season. On the other hand, the club returned to profit after a loss of 126 million pounds (150 million EUR) at the end of June 2020, when the shock of the Covid-19 was felt for the first time.