Manchester City didn’t just win the Premier League championship in the 2020-21 season — it surpassed its intra-city rival in revenue for the first time.
The club posted revenue of $735.9 million during the season, topping Manchester United’s $636.3 million, according to KPMG. Man U is typically the highest-earning team in the Premier League, with $663 million in revenue in 2019-20 and $812.7 million the previous year.
- Man City achieved this feat with only $910,000 in matchday revenue.
- The club earned $383.2 million from broadcasting and $351.7 million from commercial and other sources.
- City Football Group, which owns Manchester City, is working with the Oak View Group to build a $495 million mixed-use arena next to the team’s Etihad Stadium.
City Football Group secured a seven-year, $650 million loan in July 2021 to help build a new stadium for its Major League Soccer club, New York City FC.
Champs of the Champs
KPMG found that Manchester City was one of two championship-winning clubs among Europe’s eight major leagues to show operating revenue growth and the only one to beat their income from 2018-19.
Bundesliga-winner Bayern Munich was second among European champions with $682.5 million in 2020-21 operating revenue, followed by La Liga’s Atletico Madrid ($399.3 million) and Serie A’s Inter Milan ($396.9 million).
![[Subscription Customers Only] Jun 15, 2025; Seattle, Washington, USA; Botafogo owner John Textor inside the stadium before the match during a group stage match of the 2025 FIFA Club World Cup at Lumen Field.](https://frontofficesports.com/wp-content/uploads/2026/02/USATSI_26465842_168416386_lowres-scaled.jpg?quality=100&w=1024)
![[Subscription Customers Only] Jul 13, 2025; East Rutherford, New Jersey, USA; Chelsea FC midfielder Cole Palmer (10) celebrates winning the final of the 2025 FIFA Club World Cup at MetLife Stadium](https://frontofficesports.com/wp-content/uploads/2026/02/USATSI_26636703-scaled-e1770932227605.jpg?quality=100&w=1024)
