
Schonfeld Ends Millennium Partnership Talks, Secures Billions Elsewhere
It was about 5 p.m. in New York on Tuesday when Steven Schonfeld picked up the phone to
1970-01-01 08:00

Manchester City acknowledge risk of charges after posting record £712m revenue
Manchester City have acknowledged the Premier League charges facing them risk having a “material impact” on the club, as they posted a league-record revenue figure of over £700million. City earned £712.8m in the year ending June 30, an increase of almost £100m compared to the previous year and far outstripping the £648.4m Premier League record set by Manchester United when their most recent results were announced last month. City’s run to the Champions League final – where they beat Inter Milan 1-0 in June – contributed to total broadcast revenue of £341.4m, including £113.85m just from UEFA. However, the club’s annual report mentioned the 115 charges issued against them by the Premier League in February under the ‘Risks and Uncertainties’ section. “The board acknowledges that there are a number of risks and uncertainties which could have a material impact on the club’s performance,” the report stated. As well as the Premier League charges, the performance of the first team and any future regulatory changes introduced by the Premier League, the Football Association, UEFA and FIFA were also cited as risks and uncertainties facing the club. Introductory statements in the annual report from chairman Khaldoon Al Mubarak and chief executive Ferran Soriano made no reference to the charges. Khaldoon said: “In the aftermath of the UEFA Champions League win in Turkey and the completion of ‘The Treble’ the question I was asked most often, was ‘How do you top that?’ “The answer is by doubling down on the proven philosophies and practices that have brought us this success and to challenge ourselves to continue to constantly innovate in order to achieve new levels of performance both on and off the field. “We will continue to question all the industry norms, we will evaluate our successes and learn from any failures. We will not be afraid to set new goals and develop new strategies that deliver for our club, its communities and stakeholders and especially for the fans.” Matchday revenue was recorded at £71.9m, while profit from player trading was up to over £120m. However, the club’s total payroll costs were just under £423m, up from just under £354m in 2022. That was despite head count dropping from 549 to 520. Read More 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
1970-01-01 08:00

Oil gains on China economic data, strong demand forecast
By Sudarshan Varadhan (Reuters) -Oil prices rose on Wednesday as China's factory output and retail sales beat expectations, a day
1970-01-01 08:00

Xi Urges More Economic Links With Taiwan Before Biden Talks
Chinese leader Xi Jinping called for boosting economic links with Taiwan just before heading to the US for
1970-01-01 08:00

Actis’s Aggarwal Said to Be Frontrunner for India NIIF CEO Job
Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic
1970-01-01 08:00

Ohio State fans were big mad after Georgia leaps Buckeyes in CFP rankings
Ohio State fans react to losing the number one spot in the CFP rankings to Georgia, even after blowing out a bad Michigan State team.
1970-01-01 08:00

China Caps OTC Derivatives in Setback to Hedge Funds, Brokerages
Chinese regulators have told securities firms to stop expanding their over-the-counter derivatives operations involving individual stocks, limiting a
1970-01-01 08:00

Yen’s Woes Against Global Peers Worsen Even After Dollar Slips
The yen’s rebound from the cusp of a 33-year low versus the dollar has only served to highlight
1970-01-01 08:00

What a 12-team College Football Playoff bracket would look with Week 12 CFP rankings
How would the Week 12 CFP rankings shape a 12-team College Football Playoff bracket? Find out here!
1970-01-01 08:00

Trump Used Nazi Imagery With ‘Vermin’ Remark, Biden Says
President Joe Biden lambasted Republican frontrunner Donald Trump for comparing his political enemies to “vermin,” saying the language
1970-01-01 08:00

Tencent, Alibaba Earnings Hold Key to $44 Billion China Tech Run
Financial results from Tencent Holdings Ltd. and Alibaba Group Holding Ltd. will likely test the strength of a
1970-01-01 08:00

Australian PM Faces Deteriorating Polls Even After China Success
Australian Prime Minister Anthony Albanese is confronting falling approval ratings midway through his first term, with an increasingly
1970-01-01 08:00