What Manchester's 'super-profit' deal with City owners has paid out so far

Manchester City Council has made just under £3 million from a 2014 deal that shares in “super-profits” tied to developments built on council-owned land by Manchester City’s owners. The payments kick in when the profits from Abu Dhabi United Group (ADUG) on projects in Ancoats and New Islington exceed a set level, but Prof Adam Leaver, co-author of a 2022 University of Sheffield report, says secrecy makes it difficult to verify whether the council got the best value. The council expects another payment soon and says regeneration has delivered £1.25 billion. The scrutiny comes amid the Premier League’s 115-charge guilty ruling reported last week; the club denies wrongdoing and has until 2 October to appeal.