The Premier League has found its top-ranked club, the star-studded and highly decorated Manchester City, guilty of artificially boosting financial results by more than £900 million over nine years. The franchise used “sham” contracts to build an unprecedented competitive advantage. The team has until Oct. 2 to respond to the charges.

On today’s Big Take podcast, David Gura and UK-based Business of Sports Editor Giles Turner unpack the cheating allegations against Man City and how the scandal could reshape the entire league.

Read more: Man City Broke Rules With ‘Sham’ Contracts, League Finds

Popular on Bloomberg: Who’s Who at Jane Street

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host: David Gura; Guest: Giles Turner; Produced by Julia Press and David Fox; Edited by Naomi Shavin; Engineering by Emma Munger.

The Premier League has found its top-ranked club, the star-studded and highly decorated Manchester City, guilty of artificially boosting financial results by more than &pound;900 million over nine years. The franchise used &ldquo;sham&rdquo; contracts to build an unprecedented competitive advantage. The team has until Oct. 2 to respond to the charges.
On today&rsquo;s Big Take podcast, David Gura and UK-based Business of Sports Editor Giles Turner unpack the cheating allegations against Man City and how the scandal could reshape the entire league.
Read more: <a href="https://www.bloomberg.com/news/articles/2026-09-29/man-city-broke-rules-with-sham-contracts-premier-league-finds?srnd=undefined">Man City Broke Rules With &lsquo;Sham&rsquo; Contracts, League Finds</a>
Popular on Bloomberg: <a href="https://www.bloomberg.com/features/2026-jane-street-guide-power-players/">Who&rsquo;s Who at Jane Street</a>
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Host: David Gura; Guest: Giles Turner; Produced by Julia Press and David Fox; Edited by Naomi Shavin; Engineering by Emma Munger.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

The Man City Scandal Rocking the Premier League

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As US journalist Azadeh Moaveni was writing her latest book, ‘The East Wing’, a history of America's first ladies and their staff, President Donald Trump’s demolition of that very part of the White House was underway. 

Moaveni presents her book as a “parallel women’s history,” tracing how the wives of US presidents, including Melania Trump, who traditionally had offices in the now-vanished annex, helped shape alliances at home and abroad.

 

As US journalist Azadeh Moaveni was writing her latest book, &lsquo;The East Wing&rsquo;, a history of America's first ladies and their staff, President Donald Trump&rsquo;s demolition of that very part of the White House was underway.&nbsp;
Moaveni presents her book as a &ldquo;parallel women&rsquo;s history,&rdquo; tracing how the wives of US presidents, including Melania Trump, who traditionally had offices in the now-vanished annex, helped shape alliances at home and abroad.
&nbsp;

Weekend Listen: In Defense of Melania

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/10e449f1-4055-421d-a814-b4e000ca2f50/transcript

Jane Street just eclipsed Goldman Sachs and JPMorgan as the biggest trading house on Wall Street. It pulled in nearly $40 billion in trading revenue in 2025. And it’s so enigmatic that to the outside world, it’s unclear who’s even in charge.

On today’s Big Take podcast, David Gura talks to finance reporters Max Abelson and Katherine Doherty on their reporting on who’s calling the shots at the firm and why it matters to global markets.

Read more: Who’s Who at Jane Street

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host: David Gura; Guests: Max Abelson and Katherine Doherty; Produced by David Fox; Edited by Jeffrey Grocott; Engineering by Sean Carter.

Jane Street just eclipsed Goldman Sachs and JPMorgan as the biggest trading house on Wall Street. It pulled in nearly $40 billion in trading revenue in 2025. And it&rsquo;s so enigmatic that to the outside world, it&rsquo;s unclear who&rsquo;s even in charge.
On today&rsquo;s Big Take podcast, David Gura talks to finance reporters Max Abelson and Katherine Doherty on their reporting on who&rsquo;s calling the shots at the firm and why it matters to global markets.
Read more: <a href="https://www.bloomberg.com/features/2026-jane-street-guide-power-players/">Who&rsquo;s Who at Jane Street</a>
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Host: David Gura; Guests: Max Abelson and Katherine Doherty; Produced by David Fox; Edited by Jeffrey Grocott; Engineering by Sean Carter.

Inside Jane Street: The Enigmatic Firm That Rules Wall Street

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/947bb858-7725-41b9-a0bc-b4de014c6b52/transcript

Ultra-wealthy individuals in the UK have been fleeing the country, after sweeping Labour Party tax reforms led to a crackdown on overseas wealth. For the first time, new data from the Bloomberg Billionaires Index reveals just how much money is at stake with the exodus.

On today’s Big Take podcast, host Sarah Holder talks to Bloomberg’s Benjamin Stupples about the UK’s $160 billion problem and the impact it could have on Britain’s economy.

Read more:
London Takes a Hit as Super Rich Worth $160 Billion Exit UK
“Taxation and Migration by the Super-Rich” (2025 CESifo Working Paper) 
Bloomberg Billionaires Index

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host: Sarah Holder; Guest: Benjamin Stupples; Produced by Julia Press, Julia Weaver; Edited by Paddy Hirsch, Aaron Edwards; Engineering by Emma Munger.

Ultra-wealthy individuals in the UK have been fleeing the country, after sweeping Labour Party tax reforms led to a crackdown on overseas wealth. For the first time, new data from the Bloomberg Billionaires Index reveals just how much money is at stake with the exodus.
On today&rsquo;s Big Take podcast, host Sarah Holder talks to Bloomberg&rsquo;s Benjamin Stupples about the UK&rsquo;s $160 billion problem and the impact it could have on Britain&rsquo;s economy.
Read more:
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/features/2026-10-04/billionaire-exodus-from-uk-leaves-160-billion-hole?srnd=undefined">London Takes a Hit as Super Rich Worth $160 Billion Exit UK</a></li>
<li aria-level="1">&ldquo;<a href="https://www.ifo.de/en/cesifo/publications/2025/working-paper/taxation-and-migration-super-rich">Taxation and Migration by the Super-Rich</a>&rdquo; (2025 CESifo Working Paper)&nbsp;</li>
<li aria-level="1"><a href="https://www.bloomberg.com/billionaires/">Bloomberg Billionaires Index</a></li>
</ul>
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Host: Sarah Holder; Guest: Benjamin Stupples; Produced by Julia Press, Julia Weaver; Edited by Paddy Hirsch, Aaron Edwards; Engineering by Emma Munger.

What Happens When the Billionaires Brexit

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0ccbdaa0-4469-4aeb-8807-b4dd01482c6b/transcript

The Man City Scandal Rocking the Premier League

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