From Matt Gregory - how the bitterness shines.
11. Manchester City (£139.1m)
Yes, really, the megabucks Emirati-backed champions of England aren’t even in the top half of the net spend table, a surprise result facilitated by making the better part of £100m this summer from the sales of players like Julián Álvarez – they’ve now made money in two of the last three seasons, which is a bit unexpected. Things look very different if you start pushing the timeframe back past five years, admittedly. They did all the really serious spending to get this squad together a few seasons back. That said, it’s worth noting that these figures only look at transfer fees and don’t include, say, the absolutely gargantuan signing bonuses and agent fees paid out to secure Erling Haaland’s services.