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Manchester City race up Europe's rich list, but United remain Premier League's wealthiestManchester City's rise to prominence on the European stage has been underlined in spectacular fashion by the publication of the annual report into football finance by accountants Deloitte.
Despite the fact that City have still not qualified for the Champions League - narrowly missing out to Tottenham last season - figures for the 2009-10 season show that the richest club in the world have begun improving their moneymaking activities in keeping with their recently acquired status.
Last year's publication had City in 20th position in Deloitte's Football Money League, with an annual revenue figure of £87million. However, in the space of only a year that figure has rocketed to £125.1m and has moved them up to
11th spot.
Although Spanish giants Real Madrid (£359.1m) and Barcelona (£325.9m) still sit in the top two spots with Manchester United third with an annual income of £286.4m (up by £7.9m), City's leap up the table is by far the most impressive.
Certainly it reflects well on the efforts of much-maligned City chief executive Garry Cook and will encourage the club that they can bring their income and expenditure equation into line with the FIFA Fair Play rules due to be introduced in the coming years.
City's enormous jump in revenue is a reflection of increased income from new sponsorship deals at home and in Asia, the Middle East and, to a lesser extent, America. If Roberto Mancini guides his team into next season's Champions League, City will certainly make it in to the rich list top 10.
Last night Alan Switzer, director of football business at Deloitte, said: 'The table is based on the revenue generated by the club, so the factor that Manchester City have a rich owner isn't the direct reason for their good showing.
At the Double: Chelsea's revenue increased following their league and cup successes last season
'The main movement for City has been in their commercial revenue. They have had great success on the traditional stuff like the shirt sales but they have also excelled in that next tier of sponsorship. They have been able to look to the Middle East and across the Atlantic.
'We certainly expect to be reporting another substantial increase in revenue for City next year. Whether it is enough to get into that top 10 depends on the results of the club.
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Manchester City FC, The Sky Blues! [vol.10]
