One club, its accounts, the model holding it together.
On 29 September 2026 the Premier League confirmed that an independent commission had found Manchester City in breach on 114 of the 115 charges brought against it in February 2023. No sanction has been imposed, the club denies the findings and has appealed. What the decision describes is not a sporting scandal but an accounting one: money from the owner, booked as commercial revenue.
14 minClub FileIn 2021, Barcelona could not afford to keep Lionel Messi. Five years later it has won two league titles, crossed a billion euros in revenue for the first time and moved back into a rebuilt Camp Nou. The recovery is real. It was also paid for, in part, with income the club will not see for the next quarter of a century.
12 minClub FileEvery conversation about smart football ownership arrives at Brighton within about ninety seconds. Two record-breaking profits, players bought for nothing and sold for fortunes, a betting man's edge applied to recruitment, and the accounts confirm all of it.
9 min