Manchester City Pull Out Of Deal With Alexis Sanchez, Can't Afford Arsenal's £35 Million Demand

Manchester City have deemed a deal with Alexis Sanchez could be too expensive for the club, and have opted out as a result.
According to sources, the club owner Khaldoon al Mubarak, manager Pep Guardiola and other officials at management level, jointly agreed to pull out of the deal owing to the fact the ace is too costly.
It is believed that the Chilean fee demand of £35 million would put him above every other players' wages at the club, and that they would not like to do.
Meanwhile, Manchester United are very much into the deal, and have been reported to be prepared to pay Arsenal's demand of £35 million for the 29-year-old, as London-based club Chelsea have been speculated to join in at bidding for the ace.
It is understood that, the overall package of securing a deal with the forward, currently would cost more than £60 million, which is much more than what it was in summer.