(Credit: Imago/Getty Images)
(Credit: Imago/Getty Images)

Revealed: How much Man City increased their wage bill after agreeing big-money deals

James Murray

James holds a degree in Sports Journalism and Communications (MA) from the Real Madrid Graduate School. He has experience working for a number of local news outlets as well as the Sunday Mirror and Real Madrid TV. James is from Scunthorpe and has an affinity with Scunthorpe United, but is also a huge West Ham supporter and an expert on all things to do with the Hammers. He started working for Breaking Media in July 2023, initially writing on the Club Sites, where he specialised in West Ham content, before moving to Football Insider – where he is now an expert in football finance, speaking regularly with Stefan Borson and Keith Wyness to generate high-quality content in all things related to finance in the Premier League, Football League, and Scottish Premiership.

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Manchester City have made several new signings over the past year as part of their squad rebuild.

Man City spent around £200million on new signings in January 2025, with Omar MarmoushAbdukodir Khusanov, Vitor Reis, Nico Gonzalez and Claudio Echeverri moving to the Etihad Stadium. 

That was followed up by another spending spree last summer after around £180m worth of additions arrived through the door. 

Tijjani ReijndersRayan CherkiRayan Ait-NouriGianluigi DonnarummaJames Trafford, Sverre Nypan and Marcus Bettinelli joined Pep Guardiola’s side. 

FIFA’s Global Transfer Report has now revealed Man City spent the most money on international transfers across European clubs in 2025. 

Man City manager Pep Guardiola
Man City have strengthened their squad significantly over the past year (Credit: Imago)

Why Man City's wage bill increased significantly in January

While January wasn’t quite as busy as the previous transfer windows, the 10-time English champions did add more quality to their squad. 

Finance expert Stefan Borson told Football Insider Semenyo will earn around £200,000 a week at Man City once bonuses are included, adding up to £10.4m a year. 

Antoine Semenyo in a Man City training top
Man City signed Antoine Semenyo for £64m from Bournemouth in the January window (Credit: Imago)

Meanwhile, there has been plenty of talk around Guehi’s wages. 

It is understood the centre-back had more leverage to request a higher amount due to his contract expiring at Selhurst Park this summer, with plenty of clubs interested in signing him on a free transfer. 

Borson told Football Insider Guehi will earn around £300k a week, including bonuses, taking his salary to £15.6m a year at the Etihad.

It means Man City have added around £26m to their annual wage bill following the signings of Semenyo and Guehi. 

How Man City's wage bill compares to Liverpool and Arsenal

However, their overall total dropped from £413m in 2023-24 to £408m last season after failing to win a major trophy.

Man City manager Pep Guardiola
Man City's wage bill dropped slightly after failing to win a major trophy last season (Credit: Imago)

Deloitte’s 2026 Money League revealed Liverpool’s wage bill surged from £386m to £421m last season, ensuring their salary expenditure was higher than any of their top-flight rivals.

That was largely due to the bonuses owed to players and staff after Arne Slot’s side claimed the Premier League title. 

Deloitte revealed Arsenal’s wage bill increased slightly from £328m to £338m, but it’s likely to move closer to Man City and Liverpool’s level if they are crowned champions this season. 

Mikel Arteta’s side currently sit six points clear of Man City at the top of the Premier League table after 24 matches. 

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