Call me cynical but none of the others have an umbrella company behind them to hide/absorb costs. Firstly all the non playing staff work for CFG and as such those aren't included whereas they would be at the other clubs, and it is also an opportunity to conceal certain image right payments (the legitimate ones that HMRC allow) to the players.
There is no doubt that we have made strides in reducing the wage bill but these figures aren't a fair comparison.
It would be interesting to see the CFG accounts but City are under no obligation to release those, so we'll never see them.