That's seriously going at an insane price at this point. I mean they are looking to buy more players? I get that they have a new owner and the new owner wants to show the fan base that he is not afraid of spending money to make the team better and he is not the one to judge for these bad results.
They are doing terribly and owner is just making sure he is spending a ton of money so he could say "I did all I could", but this is just getting too much. He could already say that, they spent over half a billion pounds on players and if they get Leao somehow, which would be insane itself, then they would be getting near the 600+ million levels and that's just not normal, unheard of by any team ever.
Unrealistic figures, but the most interesting thing is that they do not guarantee anything as competitors spend comparable amounts (albeit not a one-time like Chelsea). I will look with great interest at the financial statements of the clubs at the end of this season. The Premier League is the richest and most profitable but it looks like it has already reached the point where spending is close to or exceeds income. I think all this "new" hype around the City has to do with these economic problems.