Manchester United news: Manchester City chief takes swipe at Red Devils over spending

Chief executive says the idea that Manchester City spend more than Manchester United is nonsense.

Manchester City chief executive Ferran Soriano has taken a swipe at neighbours Manchester United, saying the Red Devils spend more for less success than his own club.

Man City are considered one of the biggest spending and richest clubs in world football, and they have successfully leveraged that spending power into a trophy-laden recent history.

At the same time, Manchester United's star has faded dramatically in the same time period, with them only able to qualify for the Europa League while City won the Premier League title for the fourth time in five years.

Soriano, though, has pointed out that Man City spend less than Man Utd do in the transfer market - they just spend it better.

"How much money have United spent in recent years and how much have City spent?" Soriano said.

"If you analyse it, you will see that United have spent more, and that City have won 11 titles in the last few years and United one or two, and no league titles."

Kevin De Bruyne celebrates for Manchester City

Soriano, who also said the club hope to persuade Pep Guardiola to remain with Manchester City 'forever,' went on to defend the Citizens from their critics.

Many believe Man City hold an inherently unfair advantage as they are run as a 'state club' backed by Middle Eastern money, but Soriano says that simply isn't the case.

"I have three shareholders: one from the United Arab Emirates, one from the United States and one from China," he said.

"They are three investment funds that are looking for profitability and that we try to win and grow the business and make money.

"We are not a state club. We are a club owned by three shareholders."

READ MORE: One chart-topping stat from every Premier League club in the 2021/22 season

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