Deloitte Money League challenges Man City predictions after top ranking

A note of caution emerged from inside Manchester City after the club posted record revenues back in January for the 2020/21 season.

It was still a remarkable effort to increase the amount of money coming in at a time when gate receipts were basically non-existent, but it had to be seen in the context not just of unprecedented European success (leading to additional broadcast and participation money) but also the pandemic. Its impact on football requires a look back at the last two financial years together for a clearer picture.

After assessing that two-year period, and accounting for the return to normal matchday revenues this season, City insiders were still confident they could do well but were less sure they could keep ahead of neighbours United for a second time. With United comfortably generating more income from Old Trafford than City do from the Etihad, and a major shirt sponsorship deal also kicking in, City's financial lead over United may be shortlived.

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However, accountancy firm Deloitte think that may not be the case. City have topped their annual Money League for the first time this year, beating not just United and the rest of the Premier League but also European giants Real Madrid, Bayern Munich and Barcelona (in second, third, and fourth place respectively).

Noting the impact of Covid and 'accounting methods and timing differences' with how clubs reported their figures, the Money League has also assessed the average revenue created over a two-year period. And despite United taking in more than double the matchday revenue, City still come out on top - fourth overall and the best-performing English club.

That analysis has prompted the