Mancheser City will be allowed to spend £500m a year under new financial rules voted in by Premier League clubs, if they avoid “expulsion” from the top flight of course.
City broke the Premier League record for total revenue in 2022/23, bringing in £713m across the season.And after Premier League clubs voted to replace the current Profit and Sustainability rules to fall in line with UEFA’s cost cap model, transfer expert Kieran Maguire explains that the reigning champions will therefore be able to spend around £500m each season without breaking FFP rules.
“Manchester City will be delighted that the Premier League have adopted a squad control cap that is similar to the one that exists within UEFA,” Maguire told“We can assume that it’s going to be a 70 percent cap for those clubs that qualify for European competition. “That would allow Manchester City to spend around about £500million a year in respect of wages, agents, fees and their net transfer cost.
Former Aston Villa and Everton CEO Keith Wyness said: “For the first time, I’ve noticed the word expulsion cropping up in the report from Nottingham Forest’s hearing.“We don’t know yet, and they’ve got every right to plead the case, but expulsion does seem to be on the table given the severity of what’s supposed to have happened.READ MORE:
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