By Kieran Maguire

15th Jan, 2022 | 8:51am

Kieran Maguire: Man City on course for new Premier League record after £128m confirmed news

Man City have a realistic chance to set a new Premier League turnover record this season.

So says finance guru Kieran Maguire, speaking exclusively to Football Insider about the reigning Premier League champions’ annual report.

City published their figures for the year ending June 2021 on Wednesday (12 January), revealing a £2.4million profit on total revenues of £569.8m.

That represents a £128.4m upswing on results for the previous financial year, when City were hit by the pandemic and posted a £126m shortfall.

Pep Guardiola’s side won a third league title in three years and reached the final of the Champions League for the first time in 2020-21.

Significantly, it was also the first season that any team English top-flight side has ever surpassed Man United in terms of income.

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Maguire explains that City could go one better next year and record the biggest turnover in Premier League history.

“It was £570m last year and certain other factors will come into play this year,” he told Football Insider‘s Adam Williams.

“I imagine that City will be aiming to get somewhere close to that this season.

“They’ll get £50m-plus in terms of matchday. I’d expect the TV money to drop a little bit.

“Potentially, they could be heading towards £600m in total revenue for the season.

“The highest ever revenue is £627m, which was Man United. That would be a challenging target to reach but by no means an impossible one.”

In an accompanying statement, club chairman Khaldoon Al Mubarak claimed they are now the fourth-most valuable brand in European football.

City could take a giant leap towards retaining their Premier League crown if they beat Chelsea later today (15 January).

In other news, pundit tips Man City to “win everything” after journalists update on Erling Haaland pursuit.