There is another angle. Think back to 3 weeks ago & Southampton spinning reports of a £75m bid from City being accepted for VVD. LFC's arses went & they paid the world record fee for an excellent defender, when by all accounts City made it clear it was £60m limit for VVD, take it or leave it.
We've been nailed on for RVP, Isco & Alves, & all of them fell through for various reasons. City can easily afford Sanchez, but NOT at this moment with FFP & another desperately needed CB to consider.
Arsenal probably know this, so are in the position of knowing, we need Sanchez as much as they need the money & his replacement signed.
Alas, whatever happens we'll roll on regardless. Missing out on RVP & Isco taught me not to get too twisted about transfers. If it happens, then great. If not, we move on.