Here is as good as a crack as I've seen anyone take at it:
That all looks pretty reasonable to me, for last years accounts, given our success. This year would have had the £53m City were missing from matchday income in last years accounts. So the comparison from this years, to last years accounts is a bit flawed, if anyone tries to work that angle: "Oh look it increased by almost £50m, it's a miracle ;)". The commercial revenue itself did rise by £37m but lets not be hasty, the City rise is real. It is entirely possible City are attracting more and more global sponsors recently:
https://inews.co.uk/sport/football/...-sales-cristiano-ronaldo-lionel-messi-1911665
The smaller deals are numerous and the amounts of each aren't going to be public(I'd imagine UEFA do get that information) but we can see how many there are and average it out because we know what the major deals are worth. Etihad increased the deal to around £67m a couple of years back...
I did my own post on this for anyone questioning whether City are worth this. We could easily ask for more.