(Photo by Oli SCARFF / AFP)Manchester City chairman Khaldoon Al Mubarak says the Premier League champions are chasing “unprecedented goals” after reporting record revenues and profits for the 2021/22 season on Monday.City, last month named club of the year at the Ballon d’Or ceremony, recorded revenues of £613 million ($702 million) and a profit of £41.7 million for the period covering July 1, 2021 to June 30, 2022 as the financial impact of the Covid-19 pandemic ebbed.It is the second-highest revenue figure in English club history after Manchester United’s annual revenues hit £627 million in 2019.Al Mubarak said City’s ownership are achieving the goals set out when the Abu Dhabi United Group took over the club 14 years ago.“In 2008, we gave ourselves the target of exceeding the benchmarks that had been set by others within football and, in doing so, to also exceed the new standards that we believed leading clubs would achieve in the time it would take us to catch up,” he wrote in the report.“Our aim was clear — to one day be the club that set the benchmark for others.
The statistics and results show that in many ways we are beginning to achieve our long-term ambition.”City have become the dominant force in English football, lifting six Premier League titles along with a glut of other silverware since 2008 but have yet to win the Champions League.“If we are to be true to the efforts of all of those people that have contributed over the last 14 years to deliver our current successes, we must challenge ourselves to question everything we accept as optimal, and to define new and unprecedented goals and the right strategies to achieve them,” said the chairman.City’s revenues were up £43.2 million on the previous year, when