Man City finally draw level financially with rivals Man Utd after £650m Puma kit deal

MANCHESTER CITY are finally on the brink of matching Manchester United’s financial clout – thanks to their new £650million kit deal.

City have been in the shadow of their neighbours for decades when it comes to how much money they claw in each season.

Manchester City are expected to draw level with Man Utd in terms of financial performance next seasonCredit: Reuters

But United’s drop in revenue along with City’s continued growth means for the first time they are level in terms of financial performance.

The Mail say that City are expecting to report annual revenues of around £560m next year.

That figure is the same as the pot United yesterday revealed they are forecasting for 2019-20.

The Old Trafford club have told investors they expect the next year accounts to show a drop of around £70m from last year.

But City are continuing to grow as a business, and in when they shortly reveal last year’s figures they expect revenues to be over £500m for the second time in their history.

That pot will be swelled by around £65m from next year once the new Puma kit deal, which began at the start of this season, hits their books.

It shows just how much the club has evolved since they were taken over by the Abu Dhabi Group in 2008.

Since they they have invested heavily not only on the playing squad but also on the infrastructure and commercial operations to help them become more financially sustainable.

The fall in revenues for United shows how damaging missing out on Champions League football has been for the club.

And they now face a battle to avoid not being involved in the competition next season, with the club currently nine points adrift of fourth spot in the table.

Source: Soccer - thesun.co.uk