Crossword Genius

Football club, northern champions at the top in richest team formed ultimate in plutocracy? (10,4)

Ross

I believe the answer is:

manchester city

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'football' is the definition.
Both the answer and definition are singular nouns.
Maybe you can see a link between them that I can't see?

I can't explain the remainder of the clue.

Can you help me to learn more?

(Another definition for manchester city that I've seen is " Synthetic cream (anag)".)

I've seen this clue in The Telegraph.
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