Manchester City has emerged as the leading team in the Premier League with a team value of $1.2 billion, according to Forbes' annual list of the world's most valuable sports franchises.

The Citizens have been one of the most successful teams in English football over the past decade and their success is reflected in their high valuation.

The club has invested heavily in its squad, signing top players such as Sergio Aguero, Kevin De Bruyne, and Ilkay Gundogan, among others. These signings have helped Manchester City build a strong squad that can compete at the highest level of professional football.

In addition to their on-field performance, Manchester City has also made significant strides off the pitch. The club has a strong fan base and a dedicated support system that helps them to attract top talent and generate revenue from merchandise sales and ticket sales.

Forbes' analysis of the team's financials suggests that Manchester City's success is not just due to their on-field performances but also due to their ability to generate revenue through various channels.

Overall, Manchester City's $1.2 billion valuation reflects their position as the leading team in the Premier League and their potential to continue to dominate the sport for years to come.