Manchester City are hanging on to their laurels after being found guilty of breaching Premier League financial rules that could have cost Arsenal, Chelsea and Tottenham.
Tottenham Hotspur missed out on almost £120 million, more than anyone else, behind Manchester City in an era when the Premier League leaders were found guilty of financial misconduct. Arsenal and Chelsea also saw significant profit losses, losing £30.9m and £45.8m respectively.
City were found guilty of 114 offenses between 2009 and 2018 by an independent commission and now face the possibility of fines, points deductions or even expulsion from the Premier League. The club considers itself innocent and has filed an appeal against the decision.
But now that City’s fault has been established, one can’t help but speculate as to how the teams missed out, the club may have over-performed due to the use of ‘rigged contracts’. Where would City finish without them?
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Tottenham have finished one point outside the Champions League positions four times “City” surpassed them and qualified for the biggest competition in Europe. According to the BBC, City earned £148.2m from their Champions League campaigns, while the Lilywhites earned just £29.9m from their Europa League efforts: a difference of £118.3m.
In total, Spurs have gone behind Manchester City on six occasions, and in each of those situations moving up a place in the table would have seen the north London side earn an extra £6.6m.
However, City’s success earned Spurs £5.1m after they qualified for the Europa League in 2014/15 as they beat rivals Sunderland in the Carabao Cup final. The report states that “Tottenham” could not get a total of 119 million 904 thousand 410 pounds.
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Chelsea also missed out on European success by finishing outside the Champions League places when City qualified. They earned £39.4m on their way to winning the Europa League.
However, that was still less than half of what City could have claimed by reaching the Champions League quarter-finals and pocketing £79.2m. This represented a difference of £39.6 million from one season.
Likewise, Arsenal faced a £22.1m deficit after finishing fifth in 2016/17.
During the offending period, the BBC reports that City paid out £1.17 billion in domestic and European competitions. They claim that clubs could have missed out on a whopping £844m.
This includes £188.2m in Premier League prize money, £349.7m in relegation costs, £217.8m in Champions League prize money and £88.3m in domestic cup competitions and the Europa League.