Following yesterday’s thread on Manchester City's financial results, I had a couple of requests to look at the combined cost of wages and player amortisation for a view of total staff costs, i.e. considering both wages and transfer fees, so here’s a quick analysis #MCFC
#MCFC wages + player amortisation has risen by £209m (72%) in last 5 years from £292m to £500m (half a billion), which is only £5m more than #CFC £495m. City’s £355m wages are £22m higher than Chelsea’s £333m, but the Londoners’ £162m amortisation is £16m more than City’s £146m. 
In terms of wages + player amortisation, #MCFC £500m and #CFC £495m are well clear of the other Premier League clubs with the closest challengers being #MUFC £443m and #LFC £432m (2019/20 figures), then another sizeable gap to #AFC £334m, #THFC £279m, #EFC £264m and #LCFC £235m.
The picture looks rather different if wages + player amortisation are compared to revenue, where the larger clubs look healthier, especially #THFC with a 77% ratio. #MCFC are 88%, around the same as #MUFC 90%, but much better than #CFC 114%, who are one of 11 PL clubs over 100%.
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