you actually had to study it to reach such profound conclusions?
they have also spent 100+mill on players and underwritten the clubs debt when they took over.
p.s we were an american franchise before henry when we had gillett and hicks. manc city is a uae franchise, chelski is russian and arsenal and manc urd are both american too so...ho hum.
stop saying they have spent 100million, they have not!. Mr Henry's wallet so far is missing 30-35million depending on whose figures you look at. For 3 transfer windows that is rather a low figure for a team who have not finished above 6th in the previous two seasons. This has not been an open spend policy, argueably the net spend on compensation is as much the net spend on players.