If you want the glass half-full version, he's made 41 appearances, and played about 1400 minutes of football (for City and England) in the 18 months since he left Leeds, and he was injured for 4 of those months.Phillips hasn’t played for 2 years though, got a big contract etc.
If we clear his amortisation, I’m sure we’d be happy.
He's also been training with Pep for 18 months - a bit like going to Football University ;)
I guess it all depends on how he plays for West Ham and England, and then whether there's money around in the Summer. If you're suggesting £30m, then it wouldn't take much competition to push that up to £40m+