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Liverpool's £41m gap to Man City will increase despite Kevin De Bruyne decision

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Manchester City became the latest club to release their financial accounts on Tuesday.

The champions elect posted a £126m loss in their latest reporting period, a figure that, like most clubs, they attributed massively to the impact that the coronavirus pandemic has had on their finances.

That model, while it has delivered a Champions League, Premier League and FIFA World Club Cup, has been criticised in some quarters, seen as a smokescreen for effectively penny pinching.

That rise meant that since the 2016 accounts City had seen a £153m increase in their wage budget, a rise of some 77 per cent.

City were paying, before their new contract for Kevin De Bruyne this week, £351m.

Liverpool have yet to release their latest financial statements.

From 2019 to 2020 the wage bill at the Etihad Stadium increased by 11.4 per cent, from £315m to £351m through a mix of player acquisitions and contract renewals.
For more news relating to Manchester City, visit our sister site City Latest Live.
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