Sports
Manchester City officially leaps frog United in revenue
The name Manchester United continues to mean less as city neighbors, Manchester City continue to shadow them in every way.
How the mighty are truly fallen, as noisy neighbors Manchester City have overtaken Old Trafford side, Manchester United in revenue index.
Manchester United who have held their pride of being Manchester’s most profitable side and perhaps, England’s richest side in terms of revenue have seen their stakes downgraded as they fall further behind City’s shadow.
The Red Devils recently announced a record figure of £648.4 million in late October, but their treble winning neighbors, Manchester City have shattered those records as they announced a revenue of £712.8 million ($888 million) for their exploits in the 2022/23 season.
The European champions reported an increase of nearly £100 million from the 2022/23 financial year compared with the previous year to nearly double the club’s profits by £80.4 million.
Pep Guardiola’s team last season equaled their City rivals, Manchester United‘s most prided treble history last season when they claimed the Premier League, Champions League and FA Cup titles that were last won by Sir Alex Ferguson in 1999 to etch Manchester City into the history books.
Speaking of history books, Manchester City chairman Khaldoon Al Mubarak and chief executive Ferran Soriano, in their statements, have addressed the next move for the club.
Khaldoon emphasized the club’s commitment to amplifying their success, citing a dedication to established philosophies while constantly seeking innovation.
He emphasized their relentless pursuit of excellence on and off the pitch, promising to challenge norms, set new goals, and develop strategies for the club, its communities, stakeholders, and, most significantly, the fans.
Sportingly, City’s ambitions remain high as they aim for an unprecedented fourth English top-flight title.
Currently leading the Premier League after 12 matches and having secured a spot in the Champions League knockout stages, their on-field dominance mirrors their financial prowess which is a contrast to United’s own fortunes.
