i read this as City had used other companies in the city football group to basically move the debt accrued by the football clubs to other entities within the group, therefore giving them less debt on the books boosting then amount they can spend
Yeah I heard that today, after the headline yesterday. It's still a joke, with Real Madrid getting funded by the government. They spend far more than any English club ever has. The highest paid player in the Premier League was a Real Madrid player (on loan).