Which clubs did Man City's 'inflated' money flow to in transfer market? - BBC

An independent commission found that Manchester City inflated its financial accounts between 2009 and 2018 to facilitate massive spending on player transfers. The report examines how this capital injection impacted the broader Premier League ecosystem.
Why it matters
The case sets a significant precedent for financial fair play regulations in professional sports and raises questions about the integrity of transfer market economics.
Image source, Getty Images Image caption, The previous clubs of Sergio Aguero, Kevin de Bruyne and Bernardo Silva all received significant transfer fees from Manchester City during their era of financial rule-breaking
The money flowed around football. It made a lot of other clubs richer. It helped teams everywhere and especially in the Premier League.
These have been some of the arguments used by those backing Manchester City in the media and online since the verdicts declaring the club guilty came in and an appeal was announced. The suggestion is that there was a net benefit to the game as a whole, and in particular the clubs to whom Manchester City paid big transfer fees.
The more than £900m by which the independent commission found the club had "inflated" its accounts was not all spent on transfer fees.
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