The Premier League’s newest rich kids Manchester City have climbed into the world’s top ten wealthiest football clubs – and they don’t look like stopping there.
According to the Deloitte Football Money League 2012, published this week, City are England’s fourth richest club and the world’s seventh.
City join Manchester United (third), Chelsea (fifth), Arsenal (sixth) and Liverpool (ninth) in the top ten, ensuring Premier League teams make up half the top ten.
Austin Houlihan, senior manager in the Sports Business Group at Deloitte, said: “They are set to remain a top-ten Money League club for the foreseeable future.
“And they will look to push on ahead of the two English clubs immediately above them, Arsenal and Chelsea, for a top-five ranking.”
The list ranks clubs according to revenue in the previous season – the top 20 clubs’ revenue rose in total by 10% to £4 billion.
City’s revenue increase was a huge 51%, taking their annual turnover to £231.1 million and seeing them climb five places in the table.
This was the largest growth of any club in the Money League and is largely down to City’s Premier League title and Champions League participation.
English clubs’ revenue is set for a boost from the new Premier League broadcasting deal, which will take effect from August.
Chelsea’s Champions League elimination and risk of missing out on next year’s competition could see City leapfrog them as soon as next year.
But the rise to the summit could take some time, with Spanish giants Real Madrid holding onto top spot by taking in £414.7million.