I state this as plain fact: Manchester City have spent over €1bn in just the last 10 years on player transfers. I don’t say this as a criticism of Man City. I don’t care what country their owners are from. I don’t care about their profitability. I don’t care about their debt. I don’t care about whether they comply with Financial Fair Play. I don’t care how many English or foreign players they have. And I don’t care how much of that money has been “wasted”. This is just how much money they have spent.
This chart is aggregate net spend. In case you don’t know what net spend is: take the money that the team spent on buying players and subtract the money that they earned selling players. That’s net spend. This chart aggregates Man City’s net spend from the inception of the Premier League (1992) to present (2017). In the 16 years before the Mansour takeover, Man City had spent 273.86 million Euros on transfers. In the 10 years since, they have spent 989.94 million Euros on transfers. In the last two years, Man City have spent 252.10 million Euros on defenders alone. This season, Man City have spent 178.50 million Euros on defenders. That’s more money than the entire defense budget of Bosnia-Herzegovina (140 million Euros), where they have real guns, soldiers, tanks and planes.
The season by season spend is a similar story and here is the chart for that:
This chart shows that prior to the Thaksin takeover in 2007 Man City sold their most valuable players and earned 20 million Euros. That sell off was preceded by a big spend of 43 million Euros in 2002 when they bought Nicolas Anelka and Robbie Fowler. This season, Man City spent 40 million Euros on their keeper Ederson alone.
The chart also shows the two seasons that Man City didn’t spend huge sums of money, 2012 and 2014. In 2012 Man City was still pretending to care about Financial Fair play rules but by 2014 they simply paid a £50m fine and resumed spending. Since paying that fine, Man City have spent 490.92 million Euros, net, on transfers.
My source for this information is Transfermarkt.com.
Have a great day.