• Premier League

City aim to be one of richest clubs

ESPN staff
October 17, 2013
Manchester City are planning to expand the capacity of the Etihad to increase revenues © PA Photos

Manchester City believe they will become one of the very richest clubs in terms of revenue in the next 12 months.

The FA Cup finalists' chief executive Tom Glick thinks they will overhaul European champions Bayern Munich in the near future.

Bayern, who beat City 3-1 in the Champions League earlier this month, currently have the fourth-highest annual income in the world, according to the Deloitte Football Money League, while City ranked seventh.

But Glick told the Manchester Evening News: "Next year Manchester will have two of the top five clubs in terms of worldwide revenues. We're catching up with Bayern Munich."

The German champions made £313 million in the last financial year, while City banked £242m, putting them behind Arsenal (£246m) and Chelsea (£274m). But City have plans to expand the Etihad Stadium so that the capacity goes up from 48,000 to 61,000 and have signed a number of new sponsorship deals.

In addition, Glick feels that post and pre-season tours that took them to the United States, South Africa, Asia and Finland are a sign of their growing global appeal.

"We are very excited about the direction of the club," he added. "Over the summer we played nine games in four continents and we were astounded by the number of fans and interest in our club."

City's revenue will increase as a result of the new television deal that came into effect at the start of this season and will go up again if they can reach the knockout stages of the Champions League for the first time.

However, they have a long way to go to rival Real Madrid, who made £435m to be the richest club. Barcelona and Manchester United had the second and third-highest incomes respectively.

Download ESPN's new UK sport app, a fresh and powerful new way to follow your favourite UK sports news, scores and video.

© ESPN Sports Media Ltd
ESPN staff Close