What does the cryptic crossword clue "Managed Man City, possibly without money? (5)" mean?

The definition is "money?". The wordplay uses a deletion. RAN (synonym="RAN") in FC (synonym="Football Club, of which Manchester City is an example") = FRANC; definition: "money?" The answer is FRANC.

Managed Man City, possibly without money? (5)

Guardian Cryptic #29150 | 6 Down | 2023-08-16 flower

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