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Man City post record annual income although potential breaches hang over club
Man City post record annual income although potential breaches hang over club
Manchester City have announced the biggest annual income ever recorded by an English club by bringing in £712.8m in their treble-winning season. The club made a profit of £80.4m for the 2022-23 financial year, nearly double the previous year’s total of £41.7m, as they topped the previous highest income by a Premier League club – the £648m recently declared by neighbours Manchester United. However, they would still have made a loss without a £121m profit on player sales, including Raheem Sterling, Gabriel Jesus and Oleksandr Zinchenko. Their costs included a wage bill of £368m although it was increased by bonuses for winning three competitions. City reported a rise in each of their commercial, broadcast and matchday revenue for a year when Pep Guardiola’s side secured the Premier League, the FA Cup and the club’s maiden Champions League. City’s broadcast revenue went up by more than £50m to £299.4m, principally due to income from Uefa for their successful Champions League campaign. Their commercial revenue was up by more than 10 percent to £341.4m while matchday income went up by £17.4m to £71.9m. But City also referenced the 115 charges the Premier League levelled for allegedly breaching financial regulations. Potential punishments if found guilty include points deductions or even relegation but City maintain there is “irrefutable” proof of their innocence. The club said: “On 6 February 2023, in accordance with Premier League Rule W.82.1, the Premier League referred a number of alleged breaches of the Premier League Rules by Manchester City Football Club to a Commission under Premier League Rule W.3.4. “In February 2023, in response to the charges, the club issued a public statement that it welcomes the review of this matter by an independent commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position.” Chairman Khaldoon Al Mubarak, concentrating on the on-field results and the financial report, said: “In short, last season saw Manchester City achieve the greatest football and commercial year of its storied history.” CEO Ferran Soriano added: “Winning the treble – the Champions League (for the first time), the Premier League (the third title in a row) and the FA Cup. Achieving record revenues and record profits. Winning the Ballon d’Or for best men’s club of the year and being named the most valuable football club brand in the world. We can certainly say that the 2022-23 season was the best in the history of Manchester City.” City noted that, after the end of the 2022-23 financial year, they made a number of transfers which will add a net expenditure of £84m. That involved buying Josko Gvardiol, Mateo Kovacic, Matheus Nunes and Jeremy Doku while selling Riyad Mahrez, Aymeric Laporte, James Trafford, Shea Charles and Cole Palmer. Read More England new-boy Cole Palmer: My decision to go to Chelsea is paying off Anything is possible – Eric Dier on Tottenham’s Premier League title challenge Virgil van Dijk backs Liverpool to challenge Manchester City for Premier League title
2023-11-15 15:50
2 Nigerian men accused of running a global 'sextortion' ring linked to a teen's suicide have been extradited to US, officials say
2 Nigerian men accused of running a global 'sextortion' ring linked to a teen's suicide have been extradited to US, officials say
Alleged members of a global sextortion operation that targeted more than 100 victims and led to the death of a 17-year-old boy were extradited to the United States on Sunday to face federal criminal charges, authorities said.
2023-08-14 18:53
Japanese mountaineer dies and another is injured while climbing mountain in northern Pakistan
Japanese mountaineer dies and another is injured while climbing mountain in northern Pakistan
A mountaineering official and a climber say a Japanese climber has died and a fellow mountaineer was injured when an apparent rock fragment hit them while trying to scale one of the highest peaks in northern Pakistan
2023-08-16 01:46
Is Aston Villa vs Legia Warsaw on TV? Kick off time, channel and how to watch Europa Conference League fixture
Is Aston Villa vs Legia Warsaw on TV? Kick off time, channel and how to watch Europa Conference League fixture
Aston Villa take on Legia Warsaw in the Europa Conference League Group E on Thursday. Villa sit second in the group, behind Legia only on goal difference, with both teams having nine points from their opening four matches. That is in addition to an impressive domestic campaign that has seen them rise up to fourth in the table and only two points behind top-placed Arsenal. But Legia got the better of Villa in the first match of the campaign, winning 3-2 in Poland. Here’s everything you need to know about the fixture and get the latest odds and tips here. When is Aston Villa vs Legia Warsaw? The Europa League Conference match takes place on Thursday 30 November at Villa Park, Birmingham with a kick off time of 8 pm GMT. How can I watch it? Aston Villa vs Legia Warsaw will be shown live on TNT Sports 2 which can be streamed via the Discovery + app, with coverage starting at 7.45pm GMT. Team news Unai Emery said in the build up to the match that they were training with everyone, but might have to be careful ahead of the congested fixture schedule. Emiliano Buendia, and Tyrone Mings remain on the long-term injured list. Predicted line-up Aston Villa XI: Martinez, Konsa, Carlos, P Torres, Digne, Bailey, Kamara, Douglas Luiz, J Ramsey, Tielemans, Watkins Odds Aston Villa 1/4 Draw 7/2 Legia Warsaw 8/1 Prediction Villa to win at home. Aston Villa 2-1 Legia Warsaw Read More Son Heung-min hurt by defeats but ‘very pleased’ with way Tottenham are playing Julen Lopetegui reveals what he’s waiting for before return to management Arsenal show how Champions League should be done – Man Utd and Newcastle take note... Julen Lopetegui reveals what he’s waiting for before return to management Arsenal show how Champions League should be done – Man Utd and Newcastle take note... A genuine dream – Mikel Arteta loved Arsenal’s rout of Lens in Champions League
2023-11-30 15:45
Europe heatwave – live: Deadly ‘Cerberus’ heat grips Spain, Italy and Greece as cities placed on red alert
Europe heatwave – live: Deadly ‘Cerberus’ heat grips Spain, Italy and Greece as cities placed on red alert
A deadly heatwave is sweeping Europe with ground temperatures in Spain hitting more than 60C while thunderstorms have been forecast for France. The heatwave - named Cerberus by Italian forecasters - has the potential to see record-breaking temperatures in the coming days, with 48.8C possible in Italy. A heat map for Europe has turned to dark red and even black in areas because of the severity of the extreme weather. Forecasters have said the heatwave could last for up to two weeks and already one person has died as a result. The 44-year-old worker was reportedly painting a zebra crossing in 40C heat in the town of Lodi outside Milan, Italy, at midday on Tuesday when he collapsed. He was said to have lost consciousness due to the intense heat. "We are facing an unbearable heatwave," Italian MP Nicola Fratoianni tweeted. "Maybe it's the case that in the hottest hours all the useful precautions are taken to avoid tragedies like the one that happened today in Lodi." Read More Land temperatures in Spain surpass 60C as deadly heatwave sweeps Europe Warnings issued to tourists over European heatwave Cerberus as temperatures soar and worker dies Will the UK see a 40C heatwave again this summer? European heatwave Cerberus claims first life as worker dies in 40C heat
2023-07-13 17:51
Cineworld eyes bankruptcy exit in July as most lenders back restructuring plan
Cineworld eyes bankruptcy exit in July as most lenders back restructuring plan
(Reuters) -Cineworld expects to emerge from Chapter 11 bankruptcy protection in July, the British cinema chain operator said on Thursday,
2023-05-25 18:51
Paytm Leads $6 Billion Stock Rally as India Startups Seek Redemption
Paytm Leads $6 Billion Stock Rally as India Startups Seek Redemption
India’s dream of developing a market for consumer-focused technology startups has gotten back on track as digital payments
2023-06-21 09:19
Australian rugby to trial lower tackle height to reduce concussions
Australian rugby to trial lower tackle height to reduce concussions
Rugby Australia said Friday it will trial a lowering of the legal tackle height from the shoulder line to below the sternum in...
2023-12-01 11:15
How tall is Ellen DeGeneres? Comedian and TV host's height had once surprised fans
How tall is Ellen DeGeneres? Comedian and TV host's height had once surprised fans
Ellen DeGeneres's height has been the subject of discussion on social media
2023-11-09 15:23
Markets track Wall St surge after US data, Nvidia results
Markets track Wall St surge after US data, Nvidia results
Equity markets rose again Thursday after soft US and European economic data soothed recent fears that central banks will hike rates further, while tech firms were given a boost by...
2023-08-24 15:47
AC Milan and Monza to honour Berlusconi with annual friendly
AC Milan and Monza to honour Berlusconi with annual friendly
AC Milan and Monza will honour Silvio Berlusconi with an annual friendly named after their deceased former owner, the two Serie...
2023-07-06 20:46
EasyJet returns to profit but warns of Gaza war impact
EasyJet returns to profit but warns of Gaza war impact
British no-frills airline EasyJet on Tuesday announced its first annual profit since the outbreak of the Covid pandemic but warned that the Israel-Hamas war...
2023-11-28 17:21