Manchester City already has the highest salary in the Premier League so far and will continue to grow. Midfielder Kevin De Bruyne secured improved conditions on Wednesday with a two-year extension, which he is negotiating for City until 2025.
The deal was announced as the club’s annual report shows that staff costs have increased by 11% in the last financial year to 351 million pounds ($ 485 million). City’s salary costs now overshadow those at Manchester United, which fell from 284 million pounds over the same period, covering the 2019-2020 season disrupted by the pandemic.
Footnotes in City’s financial document reveal that the foursome’s ongoing chase this season, though notorious for the club, could come at a high price.
City said additional transfer payments, entry fees and loyalty bonuses would be due to players and clubs up to £ 158.2 million “subject to certain conditions”.
Pep Guardiola’s team remains on track to produce its most successful season after the influx of money from Abu Dhabi owner Sheikh Mansour, with its takeover in 2008, making City one of the most successful clubs in England.
City leads the standings with 14 points after closing a third Premier League title in four seasons. This month there is a semi-final against Chelsea in the FA Cup and a final for the League Cup against Tottenham for the owners.
The main prize for avoiding City is the Champions League, and De Bruyne scored one of the goals that secured a 2-1 victory over Borussia Dortmund in the first match of their quarterfinals on Tuesday. A cross from the player of the year of the Association of Professional Footballers for 2020 also began the move of Phil Foden to mark the winner of the Etihad Stadium.
De Bruyne, who has won seven trophies since joining City in 2015, is now reportedly earning more than £ 300,000 a week.
“This football club is focused on success,” said the Belgian national. “He offers me everything I need to maximize my performance, so signing this contract was a direct decision. I play the best football in my career and I sincerely feel that there is more to come.
“Pep and I see football the same way. The relationship with a manager is so important to me because our goals are completely aligned and we want the same things. “
De Bruyne will hope that there are finally fans admitted back to the stadium to see him lift the Premier League trophy in May – as planned. The return of spectators will help stop the flow of losses, which reached 126 million pounds in 2019-20, after making a profit of 10 million pounds in the previous year, as revenues during the pandemic fell by 11% to 478 million pounds.