Manchester City is ready to kick off a £150 million summer spending spree by offering Liverpool a take it or leave it offer of £40 million for star forward Raheem Sterling.
Liverpool however is looking to secure £50 million for the England international, yet City feel their offer is a realistic one and they will not go any higher unless it appears they face competition from another club such as Chelsea of Arsenal.
The lure of the Liverpool player to Premiership teams is that he is home-grown, meaning he helps teams to comply with Uefa rules that stipulate clubs have a certain amount of home grown players in their squads, and with City only having Joe Hart manager Manuel Pellegrini has been told he needs to sign British players in order to comply with the rules.
Liverpool is also well aware of this, which is why they will not sell for less than their £50 million valuation.
