The on-off transfer saga had been in doubt after City tried to pull out of the deal, expressing concern about a knee injury Benjani had surgery on 18 months ago.

BBC: Benjani completes Man City move

As we know, that's not the whole story, because there are lots of one-off factors acting to pull down the final figure for 2012-13, including the Royal Mail pension fund transfer and the debt interest now being transferred to the Treasury by the Bank of England.

BBC: More red ink for Chancellor George Osborne