Man City £84m transfer confirmation emerges after Cole Palmer to Chelsea deal
City Football Group have announced that Manchester City's summer transfer dealings in 2023 resulted in a net expenditure of £84million.
Pep Guardiola's side may have won the treble last season but several key players departed the Etihad Stadium last summer, with many deciding to pursue a new challenge abroad. Among the players to depart City included Riyad Mahraz to Saudi Arabian side Al-Ahli for up to £30m and Aymeric Laporte to Qatari club Al-Nassr in a a £23.5m deal.
Academy graduate Cole Palmer was another notable departure with the England international opting to remain in the Premier League, joining Chelsea in a £42.5million move. The 21-year-old has gone on to shine at Stamford Bridge, scoring 19 goals and providing 12 assists so far in all competitions.
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And with so many players departing the reigning English and European champions, City replenished their squad with some of Europe's best talent. Among the new names to arrive last summer were Josko Gvardiol from RB Leipzig for £77.5m and Jeremy Doku from Stade Rennais for around £55.5m.
Premier League players who switched to City included Mateo Kovacic from Chelsea for an initial £25million and Matheus Nunes from Wolves for £53m. The club also signed a number of academy players which are also included in their financial figures.
In total, the players sold by City minus the money paid for new signings has resulted in a net expenditure of £84m, as per City Football Group's latest accounts. In comparison to previous seasons, City had a net spend of -£15m in
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