Manchester City Now More Profitable Than Manchester United, Manchester City is the new king of England–at least when it comes to cash-flow.
Yesterday, Manchester City reporting operating income (in the sense of earnings before player transfers, interest, taxes, depreciation and amortization) of $218 million for the fiscal year ending June, 2014 (translated to U.S. dollars using 1 BP = $1.57 U.S.). A year ago, City posted an operating loss of $18 million.
In contrast, rival Manchester United, the previous king of cash in the Premiership, posted operating income for 2013-14 was $204 million. Arsenal, also highly profitable, generated operating income of $97 million.
What about the other top English teams? Liverpool has not reported full 2013-14 financials, but they did not qualify for the 2013-14 Champions League and this their operating income will not approach the levels of City or United. Chelsea were among the top earners in the 2013-14 Champions League and reported record revenue of $502 million and an increase in net income, so it is possible that they could surpass Manchester City.
Manchester City captured the Barclays Premier League last season enabling the team to grab $152 million in prize money from the Premiership last year, 66% more than the 2012-13 season. In addition, Manchester City’s sponsorship revenue for the year came in at $213 million, an increase 49% over the previous year, primarily due to the activation of several new global and regional sponsorships, higher sponsorship renewals and a significant increase from the pre-season tour.
