Manchester City, the prominent leader of the Premier League, put last season’s losses as a result of the coronavirus pandemic at 126 million pounds ($ 175 million).
In last year’s fiscal year, which ended on June 30, 2020, the club’s revenue fell 11% to 478.4 million pounds (about $ 663 million), although it was an atypical season, with the Premier League and the Champions League ending after the close of the accounting period.
Deferred income from delayed matches, including television rights, and money received from player purchases and sales will appear in the next fiscal year.
“Clearly, the isolated 2019-2020 accounts are not the best representation of the reality of the season with the transfer market delayed and numerous games played after June 30, 2020, the revenues of which will be counted in the 2020 period. -2021 “, explained the executive director of City Ferran Soriano.
“We will have a better picture of the consequences of the covid at the end of the 2020-2021 season, when the two seasons can be combined” in which the pandemic will have affected.
Despite playing all this season behind closed doors, the City “expects to return to benefits in 2020-2021, as a result of a season with less impact from the covid and deferred income from 2019-2020.”
The drop in matchday revenue (about £ 13.3m) was largely covered by the increase in revenue from the new Puma trade deal, estimated at £ 20m.
The club’s payroll increased to 351 million pounds.
The president of the club, Khaldoon Al Mubarak, assured that despite the pandemic “the business is strong, with committed shareholders and important assets, carefully built over a decade and with more than a century of history.”
At the sporting level, the City aspires this season to four titles: Premier League, Champions, FA Cup and League Cup.
The team that Pep Guardiola coaches has an advantage of 14 points in the championship, this Tuesday they will play the first leg of the quarterfinals of the Champions League against Borussia Dortmund, they will face Chelsea in the FA Cup semifinals and will play the final of the League Cup against Tottenham later this month.
kca / jw / mcd / dr