Fiftyyearsandcounting
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According to this table, when you convert transfer fees paid into today's value, City are 4th in the expenditure list. This table runs from 1992 to present.
https://www.skysports.com/football/...sive-premier-league-transfers-in-todays-money
https://www.skysports.com/football/...sive-premier-league-transfers-in-todays-money