Can someone explain what happened? Did they lose 125m or did this overspend 125m? Also if City and Chelsea are doing this but using loopholes, how could they be punished?

Agree. The “Yank” hate is weird. Was the post made out of love for a former academy player or out of hate for a current (English) out of form striker? Idk. Being a Yank has nothing to do with this post.