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Man City spent £1.2bn on transfers but only £370m was real money — the rest was inflated in accounts

A tale of £1.2bn spent and £830m falsely added unto Manchester City's books, marking a season long called the asterisk era.

By mitch·3 min read
A solitary statue stands amid an empty stadium, a silent token of a season marked by guilt.

Manchester City spent about £1.2bn on new players between the summer of 2009 and January 2018. The period saw three Premier League titles, one FA Cup win, and three EFL Cups. It also saw a statue placed outside the Etihad Stadium, marking Sergio Aguero’s goal after the 2011-12 Premier League title.

The club was found guilty of charges brought against it by the Premier League three and a half years ago. A commission determined that £830m had been falsely added to the club’s books under the guise of sponsorship income. That figure represents the amount the commission says had been falsely pumped into the club.

Some fans call the period the “asterisk era.” City now faces a punishment and an appeal deadline. The club has until Friday to mount an appeal, and if it fails, the club will receive some form of punishment.

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The False £830m

The £830m figure is central to the case. It is the amount the commission says had been falsely added to the club’s books, presented as sponsorship income. The false addition would have slashed City’s financial power.

Key Players Bought During the Period

The transfer window spending touched several key players. Here is how the signings break down:

  1. Sergio Aguero
  2. David Silva
  3. Yaya Toure
  4. Kevin de Bruyne

All four were signed during the period in question.

The Commission’s Finding

The commission which found the club guilty determined that £830m had been falsely added to the club’s books under the guise of sponsorship income. That finding is now part of the public record.

The Appeal Deadline

City have until Friday to mount an appeal. After that, the club will receive some form of punishment. The exact nature of that punishment is not yet known.

Clubs May Seek Compensation

Clubs may seek legal advice over potential financial compensation if City are stripped of honours. The source describes this as a possibility, not a settled precedent.

The Quiz Comparison

The source poses a quiz question comparing the Premier League to works whose endings reveal the plot existed only in a dream: The Wizard of Oz, Super Mario Bros 2, and the ninth season of Dallas. The comparison is a rhetorical device, not an argument about what happens next.

The Unanswered Questions

It is unknown whether sanctions will retcon the past in any way. The quiz comparison is a curious aside, but it offers no guidance on what happens next.

The Future of Trust

The case has raised doubt about the present and future. Fans do not know whether the football they are watching is “real” or not. Will City be docked points later in the season? Can the action fans watch week in, week out ever fully be trusted again?

The answers to those questions will determine the future of the biggest league in the world’s most popular sport.

The asterisk hangs over the club’s history, and the numbers — £1.2bn on transfers, £830m inflated — speak for themselves.

Source material: “£1.2bn on transfers with £830m inflated in accounts – Man City's 'asterisk era',” the BBC.

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