Manchester City CEO Ferran Soriano has hit back at suggestions that Manchester City are only successful because of the money they have spent on new signings.

Soriano told Movistar: “Look, you only have to look at the investment in players in England in the last year, three years, five years… we are never the club spending the most on players.

“There are many other clubs investing more money than us – Chelsea, Manchester United, Arsenal.

“Saying that we’ve spent a lot of money and we won because of that is just not true.”

Soriano also discussed the prospect of City finally winning the Champions League for the first time in the club’s history.

“The Champions League is a bit symbolic,” he added.

“We work every day for the Premier League, it’s a very difficult tournament to win. If we do it this year, it will be the third in a row, five in six years.

“From my experience, I know that you cannot base all your strategy on winning the Champions League, because it depends on the draw, a bad day… but yes, when we win it, which we will do one day, it will be something symbolic.”