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The point he made, that City have spent less in the past five years than Chelsea, Man United and Arsenal*, is a statement of fact.
It’s not just about 5 year spending, though. It’s about paying astronomical wages to keep players on the bench who would be first choice in most other top 4 teams (as has been pointed out) and about 10+ year spending. From 2012-2022 they spend more (gross) than any team in world football. It’s about the foundation of stability that brings you, especially when the PSR rules will now hobble any team who get bought by a nation state and wish to do likewise.
Pep is clearly a very good coach (his late 2000s Barca were something else) but he’s not winning the bundesliga with leverkusen or the premier league with Leicester. He works with the top players at the best resourced teams, always.
The point he made, that City have spent less in the past five years than Chelsea, Man United and Arsenal*, is a statement of fact. The headline is not something he said, but written by some sub-editor at the BBC. Here is what he actually said:
*they have also spent less than Tottenham and Villa.