MANCHESTER CITY have ended their interest in signing Alexis Sanchez – but Chelsea are set to rival Manchester United for the unsettled forward.
City valued the Chile star at £20million but never made a bid and were also unhappy at the £5m fee they were quoted for Sanchez’s agent.
Etihad top brass have now pulled the plug on their year-long pursuit and left United in pole position to sign Sanchez.
City chairman Khaldoon al Mubarak spoke with Pep Guardiola and City execs and decided the numbers were too hot for them.
With the transfer fee, the signing on fee and the money demanded by his agent, it would have cost City more than the £60m fee they agreed with Arsenal in August.
Sanchez’s wage demands had also gone up from the £275,000 a week they had agreed before the transfer window.
They would have made him the top earner at the Etihad by some distance – and they were not comfortable with letting that happen.
City were convinced that Sanchez wanted to join them – either this month or in the summer – but know he is desperate to quit Arsenal.
The Premier League leaders now accept he will move elsewhere this month – while Pep is unlikely to move for a new forward in the current transfer window.
United are prepared to pay the Gunners’ full asking price of £35m.