Manchester City’s 2020-21 annual report has been released, announcing a return to profitability and the continuation of a long-term trend of steady expansion that was disrupted by the COVID-19 epidemic.

Total revenues increased by 19 percent to $780 million, with a $3.3 million profit.

Manchester City had another successful season on the pitch, with the men’s squad breaking multiple records by winning the Premier League, winning the Carabao Cup, and qualifying for the UEFA Champions League Final for the first time in the club’s history.

“Our story today,” Chairman Khaldoon Al-Mubarak stated in the report, “is the success of our men’s first team — this year’s trophies mark our fifth Premier League title and sixth League Cup in the last decade.” “Tomorrow’s story will be written by the next generation, who achieved history this year by winning their respective leagues with the EDS and U18 teams, giving Manchester City titles at all three levels of the men’s game.”

Manchester City’s good financial performance throughout the last season was credited to the club’s long-term strategy to diversify and globalize income, the team’s results, and the backing of partners and shareholders, according to Al-Mubarak.

“His Highness Sheikh Mansour’s 2008 vision is the reality we are living 13 years later,” he remarked. “We are a long-term, socially responsible organization that identifies and develops talent while fighting for prizes on a national and international level.”

Following a difficult start to the season, which saw the men’s first team sit in 13th place in late November 2020, CEO Ferran Soriano praised the men’s first squad’s character.
“You could sense the team’s focus and resolve, as well as the club’s overall cohesion,” he remarked. The team was able to overcome such adversity and go on to produce one of the best seasons in Manchester City’s history by leveraging their unity. We were thrilled to return to profitability after effectively navigating the revenue challenges posed by the epidemic from a business standpoint. We continued to grow, create, and develop new concepts notwithstanding COVID-19.”

“(Although) the disappointment of the defeat in the final in Porto ran extremely deep, we were incredibly delighted to have reached it in the first place,” the chairman added.
We look forward knowing that we will return stronger and more experienced, knowing that we have not only attained that standard, but also a level of consistency that gives us tremendous confidence in the future.”

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