Owners are allowed to invest money into their club. Our owners invested c £55million into the club in January 2018, converted into equity, and used it to pay Laporte's release clause in full.
Hypothetically, if they put in £200mil and bought 2 x £100mil players on 5 year contracts, £40million amortisation and wages would be the consideration for FFP P&L and more than likely not a problem.
The Chelsea splurge in the early 2000s was by far the biggest inflation adjusted spend.
City have had the highest wage bill for 4 of the last 10 years 2012-2021 and including the last 2 seasons.Cumlatively we have the highest wage bill for those 10 seasons but not by a lot.
But apart from the above, I agree they don't have a clue what they are moaning about :)