Wages fell by £10m, likely linked to a lack of bonuses paid out compared to the previous year, while commercial rose by £4m to £345m. There was another bumper player trading year, with the club registering £139m in player trading profit, up from £122m the previous year.

Pep Guardiola says Manchester City will be his final job in club management but thinks that a national team coaching role is still a possibility in his career.