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

Manchester City Council has made just under £3m from a deal to share in the so-called "super-profits" from developments built on its land by Manchester City's owners. A deal struck in 2014 meant the council would receive payments if the profits made by Abu Dhabi United Group (ADUG) on schemes in Ancoats and New Islington exceeded a certain level. But Prof Adam Leaver, co-author of a 2022 report by the University of Sheffield into the council's relationship with ADUG, said commercial secrecy around the arrangements meant it was hard to know if the council got the best value it could.