Pep Guardiola, Manager of Manchester City, looks on as he smokes a cigar whilst on the Open Top Bus during the Manchester City trophy parade on May 26, 2024 in Manchester, England. (Ben Roberts Photo/Getty Images)

The “big five” European leagues generated total revenue of 19.6 billion euros, up 14 percent on the previous campaign, and reported an aggregate operating profit (0.5 billion euros) for the first time since 2018/19.

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