Guardiola says current spending in football is unsustainable

Share
Guardiola says current spending in football is unsustainable

It was also the first empty campaign for Manchester City since the 2012-2013 season.

"Hopefully next season I will be here and we will not spend how we spent this season", Guardiola told reporters ahead of City's Premier League opener at Brighton on Saturday.

City has spent about 200 million pounds ($260 million) this offseason, mostly on full backs Kyle Walker, Benjamin Mendy and Danilo, to follow on from about 170 million ($207 million) last summer. I assure you that. We bought three and the market is so demanding not just for Manchester City. In the next three or four years Manchester City will buy one, two, maybe three players.

"We needed to do that this summer because we have one of the oldest teams in Europe".

Guardiola said the current spike in football transfer spending, which culminated in Neymar's recent world record move from Barcelona to Paris Saint-Germain for €222m, had been building for some time.

On the domestic front, Manchester United signed Romelu Lukaku in a deal that could amount to £90million while Arsenal, Liverpool, Chelsea and Everton have also paid some big fees.

"We have spent, yes, but all the teams - with the exception of Tottenham - have spent", Guardiola said. The arrival of 11 "important" players - as Guardiola refers to them - has handed the Spanish coach an embarrassment of riches up in attack and fresh energy throughout his squad, which now has an average age of 24.

"We did it earlier, so we were lucky because now it would be so much more expensive with what has happened in the last weeks".

"The club was clever like that because we anticipated what we needed after last season".

Guardiola believes the Neymar deal has over-inflated the market to levels that can not be maintained.

"But it is going to finish, it is unsustainable". Brighton will be making its Premier League debut after earning its spot with a 93-point performance in the EFL Championship last season.

"My experience of being a manager, always the beginning of the season the new ones are the toughest ones", Guardiola added.

"We spoke and I saw last season how tough is this league". We've got a very level-headed group of professionals that have trained well every week and have applied themselves very well for games.

Share

Advertisement

Related Posts

British American Tobacco plc (BTI) Upgraded to "Buy" by SBG Securities
The Average Volume of the company is 6.05 Million, while the Volume of the company in the last trading session was 4.53 Billion. Maximum and minimum EPS estimate for the current quarter is projected at $3.87 and $2.96, respectively, according to 3 analysts.

Tubelight actor to refund INR 35 crore to distributors
But the movie only managed to gross Rs 64.77 crore during the initial one week which is unusual for Salman Khan standards. This is half of the total losses suffered by distributors over the film.

Cypress Semiconductor Corporation (CY) Sees Significant Decrease in Short Interest
Rice Hall James & Associates LLC raised its position in shares of Cypress Semiconductor Corporation by 94.7% in the first quarter. Barclays Capital downgraded Cypress Semiconductor Corporation (NASDAQ:CY) on Tuesday, October 18 to "Equal Weight" rating.

US, Australia, Japan to Philippines, China: Follow Arbitration Ruling
Foreign Ministers Rex Tillerson, Julie Bishop, and Taro Kono were in Manila for the 50th ASEAN Foreign Ministers Meeting. China's land reclamation in the disputed waters has alarmed the region, as well as the US Australia and Japan.

Vice President Mike Pence attends unveiling of governor's portrait at Indiana Statehouse
The portrait will ultimately join the Indiana Governors' Portrait Collection, which dates back to 1869. Pence's IN visit comes ahead of his five-day trip to Central and South America, which begins Sunday.

Reviewing Individual Broker Targets Of Government Properties Income Trust (NASDAQ:GOV)
Finally, Janney Montgomery Scott LLC increased its position in Government Properties Income Trust by 10.2% in the second quarter. In related news, CFO R Steven Hamner sold 85,000 shares of the stock in a transaction that occurred on Wednesday, June 14th.

Singer-Songwriter Dave Deporis Killed During Robbery in Oakland
Dave Deporis, a much respected and loved musician from Oakland, has died after being robbed and dragged behind a vehicle . Deporis was taken to a hospital where he was later pronounced dead, police said.

Coca-Cola Femsa SAB de CV (KOF) Mesa Moving Average Drops Below FAMA
After a recent check, the 50-day Moving Average is 144.00, the 200-day Moving Average is 132.26, and the 7-day is noted at 150.81. The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending.

Inflatable chicken - with Trump-like 'feathers' - spotted outside the White House
The inflatable chicken-Trump appears to be based on a statue installed outside a shopping mall in China in December. Plus, he added, "The president himself is so visually obsessed, that I know that something like this has potency".

Fairmount Santrol Holdings Inc. (NYSE:FMSA) Stake Boosted by Alliancebernstein LP
BidaskClub upgraded Fairmount Santrol Holdings from a "strong sell" rating to a " sell" rating in a report on Monday, July 31st. Princeton Alpha Management LP purchased a new stake in Fairmount Santrol Holdings during the first quarter valued at $141,000.

© 2015 ExpressNewsline. All Rights reserved.