Man City will be allowed to spend around £500million every year under new financial rules voted in by Premier League clubs.that City can consistently spend big in the transfer market if their Abu Dhabi owners are not worried about making a profit.
Top flight clubs have voted to replace the current Profit and Sustainability Rules with a new model similar to the cost cap used within Uefa. The new regulations will cap spending on transfer fees, wages and agent fees to a percentage of their overall revenue.City broke the Premier League record in theirMaguire explained that City can therefore spend £500million each season and still comply with both Uefa and Premier League financial regulations if they maintain their current revenue generation.
Join the Football Insider WhatsApp channel to get all our exclusives and the breaking transfer news FIRST.That would allow Manchester City to spend around about £500million a year in respect of wages, agents, fees and their net transfer cost.“ Do they want to be close to the limit, or do they want to operate well within it and actually become a more profitable organisation?
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