Manchester City announces record profits for 2021-22

By JAMES ROBSON
AP Soccer Writer

MANCHESTER, England (AP) — Manchester City has reported record revenues and profits for the club in its latest financial statement and said “beautiful football” was the main reason for its success. Revenues of 613 million pounds ($693 million) for the year 2021-22 surpassed the figure of almost 570 million pounds ($646 million) the year before. Profits of 41.7 million pounds ($47 million) are more than double the previous record for the defending Premier League champion. City’s financial power has led to rivals raising the issue of the difficulty of being able to compete in the transfer market.