Man City payment nearly doubled amid £5.5m Etihad reveal

Man City paid over £5.5m in rent for the Etihad Stadium in 2021-22, sources told Football Insider.

It’s almost double what they paid Manchester City Council for the first season after the renegotiation of the 250-year lease in the former Commonwealth Games arena in 2010-11.

Unlike the previous arrangement which saw the board pant a reduction in City Gate revenue, the club agreed to pay an annual flat fee of £2.95million which increases with inflation.

Football Insider understands that performance-related bonuses, payments related to the naming rights deal with Etihad and the falling value of the pound mean the total payout was around £5.5m last quarter .

That figure still represents excellent value for money for the Abu Dhabi-backed club, which raked in £55m through the turnstiles in 2018-19, the last recorded financial year unaffected by lockdowns.

City added 6,000 seats to the South Stand in 2015, taking capacity to 53,400 before cutting 1,100 front row seats before 2021-22 to make room for their dual perimeter advertising system.

Club chiefs have since announced plans for another expansion, this time from the North Stand, which will allow up to 60,000 spectators to watch the reigning Premier League champions.

The club will improve and expand the club’s corporate facilities as part of the revamp, and there are plans to add a hotel on site.

This expansion will also mean the Etihad meets UEFA’s criteria to host a Champions League final.

In other news, Gabby Agbonlahor claims Jack Grealish’s new mistake could tarnish Man City’s legacy.

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