Special Champions League Final. Financial Comparison: Manchester City vs Internazionale. Includes European giants digital impact

As promised, today′s analysis on an unique financial comparison of the UEFA Champions League′s finalists: Manchester City Football Club vs FC Internazionale Milano

Financial Comparison: Manchester City vs Internazionale

The history of this final represents a bit of the trajectory of European football in the last two decades.

Sports Value has been studying the European football market in depth, with teams′ complete financial data.

Manchester City's rise is a result of Premier League strength and high investments from its owner since 2008′s purchase, Sheikh Mansour, from Abu Dhabi, with estimated US$ 17 billion net worth.

Internazionale has suffered from the downfall of Italian football, and since the acquisition of Chinese conglomerate Suning Group in 2016, ?has presented sporting success, amid huge losses. The Chinese group has annual revenues of US$ 36 billion.

Here you can access our analysis where we already anticipated the rise of Italian football.

Revenues

In the early 2000s Internazionale presented more revenues, in comparison to Manchester City. The turning point occurred from 2011.

The Premier League's new TV contracts rise and heavy investment of more than € 1.6 billion have changed City's forever. But for years it racked up huge losses.

The revenue gap between the two clubs reached 2.6x in 2016. Now it's at 2.4x.

Digital impact

Manchester City increased the social media impact in 2023. The club is one of the biggest in the digitall world nowadays.

From july. 2022 to june, 2023

City′s Inflated sponsorships

Manchester City have recently been accused of having inflated their sponsorships contracts to circumvent Financial Fair Play. This was the path also followed by PSG.

Internazionale's commercial revenues are far below that of other European clubs. Italian teams need more global exposure on social media and new content formats to grow.

Commercial Revenues

Wage costs

Manchester City's wage costs in 2022 reached € 354 million, a small value for club′s total revenues. Internazionale, on the other hand, spent € 248 million on wages ?which is very high for the Italian team's current revenues.

While salaries account for less than half of City's revenues, for Internazionale it has reached 81%.

Inter accumulated € 554 million in net losses in the last 5 years.

Manchester City sum €-62 million in losses over the same period.

Between 2008 and 2014. City posted combined losses of almost € -700 million. In 2011 alone?€ -219 million in net losses.