Keith Wyness, former CEO of Everton, believes Manchester City can continue their spending spree this summer despite a significant outlay in January. Wyness, who now runs a football consultancy, analyzed City's financial situation over the past three years, taking into account their Profit and Sustainability Rules (PSR) compliance. He argues that City's shrewd player trading and deep runs in European competitions provide them with ample financial flexibility.
Everton's former chief Keith Wyness has insisted Manchester City can continue spending this summer despite a £180million January outlay. The 67-year-old, who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs and their boards, came to that conclusion after analysing City's Profit and Sustainability Rules (PSR) situation over a three-year window.
Man City spent around £180million on transfer fees in the most recent transfer window on first-team quartet Nico Gonzalez, Omar Marmoush, Victor Reis and Abdukodir Khusanov. Kyle Walker was allowed to leave the club to AC Milan on an initial loan deal with an option to buy for the Italian side. Pep Guardiola's side decided to spend big after struggles in the Premier League and Champions League so far in the 2024-25 campaign. The English champions sit fifth in the top flight and will need to come through a two-legged tie with Real Madrid to reach the last 16 in Europe. Wyness, speaking on Football Insider's Insider Track podcast, said: 'I've looked at City over the last three years, which is the PSR window, and they have done very well. They've sold players that you almost forget about – Zinchenko, etc. It gives them a lot of breathing room, and they still have that room even after January. I still expect more sales in the summer. They've been very good at trading, and they've had the bonus of going far in European competitions. Adding that together, the club has done well financially. They've been almost a model.' Join the Football Insider WhatsApp channel to get all our exclusives and the breaking transfer news FIRST.
MANCHESTER CITY TRANSFER RUMORS KEITH WYNESS PROFIT AND SUSTAINABILITY RULES PREMIER LEAGUE
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wyness: JPMorgan Naming Rights Deal 'Unlikely' for EvertonFormer Everton CEO Keith Wyness believes a naming rights deal with JPMorgan is improbable, predicting airlines or established brands like Toyota will be more likely to secure the deal.
Read more »
Everton share price crash: Keith Wyness shares instant verdict on dramaThe inside track on the football stories that matter
Read more »
Keith Wyness: ‘Rangers won’t get a better manager than Philippe Clement’The inside track on the football stories that matter
Read more »
Nottingham Forest owner Marinakis makes £82m move – Keith Wyness reactsThe inside track on the football stories that matter
Read more »
Keith Wyness reacts to bombshell Liverpool newsThe inside track on the football stories that matter
Read more »
Everton 3-2 Tottenham: Ange Postecoglou under pressure after Everton loss'Dr Tottenham' finds a cure for struggling Everton, but pressure is building on Ange Postecoglou.
Read more »