Manchester City set to match rivals United on financial stage for first time in decades

Manchester City are set to achieve financial parity with neighbours United.

Manchester City could finally match rivals Manchester United financially.

Ole Gunnar Solskjaer’s side announced this week that their revenue for 2019-20 could drop almost £70million to £560m, while Manchester City’s revenue was boosted by the 10-year, £650 million kit supplier deal that they signed with Puma in February.

And in another hard-hitting blow to the Red Devils, their neighbours - and reigning Premier League champions - City could be poised to match them for the first time in decades.

READ MORE: Manchester United report net debt increase of more than £137million

A combination of City’s astronomical rise under Sheikh Mansour, coupled with United’s decline and subsequent lack of Champions League football, is expected to lead to financial parity between the two.

The news follows United’s record £627.1m intake in 2018-19, but missing out on the elite European competition as a result of their sixth-placed league finish means they are expecting revenues in the region of £560-£580m.

Executive vice-chairman Ed Woodward, announcing their first-quarter figures, acknowledged a mixed start to the season is part of their rebuilding process.

He added: “Our ultimate goal is to win trophies, playing fast, fluid, attacking football with a team that fuses graduates from our academy along with world-class acquisitions.

“We know this will not be achieved overnight.

“However we have made investments across the club that we believe have set us on the right path.”

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