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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

Chelsea begin their final Women’s Champions League campaign under Emma Hayes with a blockbuster trip to Real Madrid in Group D. The Blues reached the semi-finals of the Champions League last season but lost to eventual winners Barcelona, who also defeated them in the 2021 final. Hayes has won every domestic trophy with Chelsea but the Champions League has eluded them. The English manager has confirmed that she will be leaving the club at the end of the season and it has now been revealed that she will manage the USA national women’s team. Chelsea and Real Madrid were also in the same Champions League group last season, with the English champions progressing to the quarter-finals as the Spanish side were knocked out after finishing third behind Paris Saint-Germain. But Real Madrid will be hopeful of qualifying for the last eight this season, with Paris FC and Swedish side Hacken joining them in Group D. Here’s everything you need to know. When is Real Madrid vs Chelsea? The match will kick off at 8pm GMT on Wednesday 15 November. How can I watch it? All group stage games will be available to stream for free in the UK. Fans will be able to watch the UWCL group stage up to and including Matchday 4 on DAZN’s YouTube channel, with coverage then moving to the DAZN app and platforms. You can watch Real Madrid vs Chelsea for free, here: TNT Sports will also be showing Real Madrid vs Chelsea. Read More How to watch the Women’s Champions League for free this season The ‘crazy’ debate once again at the heart of the Women’s Champions League Man City post record annual income for English club after treble season

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Cole Palmer believes his impatience is paying off having flourished for Chelsea and earned a first England call-up since leaving all-conquering Manchester City in search of regular football. Part of Pep Guardiola’s treble-winning squad before helping his country win the Under-21 European Championship, a more prominent role at club level looked on the cards this term. Palmer scored in the Community Shield and another in the Super Cup, but made no secret about his desire for regular action after his man-of-the-match display against Sevilla in the European curtain-raiser. It proved his final City appearance and a fortnight later the forward joined the glut of gems being collected by free-spending Chelsea in a deal worth up to £42.5million, signing a seven-year deal. “It happened fast, to be fair,” Palmer said. “I spoke to someone at Chelsea and I was speaking to my dad, but I really didn’t know what to do. “I was just thinking about it for a couple of days, like near enough every minute of the day. “But then I just thought for my career and stuff I have to go and try and get regular game time. “It was a big move for me. I’d never been out of Manchester, not even on loan or anything like that, so to move down there on my own was a big thing. “When I first went down there it was difficult, like staying in a hotel and stuff, but now I have settled in more and I’m enjoying it.” This season always felt important in promising Palmer’s career, especially after a combination of injury and competition restricted him to just seven starts last year. The 21-year-old has already made eight in an impressive beginning to life with the Blues, leading to a first England call-up following some withdrawals from the initial selection for this month’s Euro 2024 qualifiers. “Obviously you know how good of a manager Pep is and he gave me the opportunity and the platform to kick-start my career, so I’ll always be grateful to him,” Palmer said. “Who knows what would have happened if I had stayed. “Maybe I would have played more, maybe not. But I think the decision that I made to go to Chelsea so far is paying off.” Palmer gave short shrift to a question asking him to compare Guardiola with Chelsea boss Mauricio Pochettino when he faced the media for the first time since his England call-up. But he was more forthcoming when it came to his current manager’s ability to develop English talents, as he did with aplomb at Southampton and Tottenham. “A lot of people told me how he is with young players,” Palmer said. “Ever since I went to Chelsea I can see it, so I’m enjoying working with him and excited to carry on working with him. “He has given me the confidence and licence to go where I want on the pitch, where I feel I can use my strengths, so I’m grateful for it.” Palmer certainly does not lack confidence, which was abundantly clear along with his cheeky side in Sunday’s stunning 4-4 draw with City. Footage went viral of the Chelsea forward pretending to listen to his former team-mates on an afternoon when he celebrated his stoppage-time spot-kick equaliser with a nonchalant shrug. “When I saw the ref give the penalty, I just thought ‘it’s my time’,” Palmer said. “I spoke to Raz (Raheem Sterling). He said ‘what’s happening?’ and I was like ‘I want to take it’. “He was like ‘fine’ and then when I put the ball down I just tried to focus on a spot and put it there.” Asked if he felt pressure or nerves, he said: “Not really, to be honest. “I felt I was waiting for a while and obviously I did think about my old club and stuff but after that not really. “It was a crazy game. I did feel a bit nervous before and a bit weird to see everyone from the club I’ve been at for 15 years. “But when the game started it felt normal and it was a good game.” More positive news awaited him when he waded through the myriad of messages on his phone after returning to the Stamford Bridge dressing room. “I got the message near enough straightaway after the match,” he said of his maiden England call-up. “But my phone was going crazy because I have got some City fans that are my mates and family and all that. “I read it and then like I read it again, so it was confirmed. “I just rang my dad straight away and he was with my mum, so I told them first.” Read More Manchester City acknowledge risk of charges after posting record £712m revenue Jannik Sinner scores first career win against Novak Djokovic in Turin Emma Hayes: Winning Champions League would be fairytale end to time at Chelsea Winter sun will have to wait for Ezri Konsa as he looks to take England chance Incoming Welsh Rugby Union boss vows to ‘turn this round’ after damning review Fin Smith targets England debut next year having caught Steve Borthwick’s eye

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