MANCHESTER, England — Manchester City reported record revenues and profits for the club in its latest financial statement released on Monday, saying “beautiful football” was the main reason for its success.

Revenues of 613 million pounds ($693 million) for the 2021-22 fiscal year surpassed the figure of almost 570 million pounds ($646 million) the year before for the defending Premier League champion.

Profits of 41.7 million pounds ($47 million) more than

doubled the club’s previous record.

City chief executive Ferran Soriano credited manager Pep Guardiola for the club’s financial success.

“Our strong revenue performance was due to multiple factors, but ultimately driven by the ‘beautiful football’ we play and the continuous fan growth that it generates; more fans, more audiences, more people in the stadium, and more partners that want to be commercially associated with Manchester City,” Soriano said.
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