Players in: Nicolas Anelka (Paris St Germain, �13m); Sylvain Distin (Paris St Germain, �4m); Vicente Matias Vuoso (Independiente, �3.5m); Mikkel Bischoff (AB Copenhagen, �750,000); Marc Vivien Foe (Lyon, �550,000); Peter Schmeichel (Aston Villa, free); Tyrone Loran (Volendam, undisclosed).

Players out: Tyrone Mears (Preston, �200,000); Alioune Toure (Paris St Germain, undisclosed); Terry Cooke (Grimsby, free).

Last season: Division One champions

This season's odds: 125-1

Player to watch: Nicolas Anelka

Our verdict - Eighth
After last season's Nationwide League triumph, Kevin Keegan has invested heavily in the transfer market. Nicolas Anelka is his biggest summer signing and Keegan's City slickers have the potential to make a similar impact on the Premiership to that of Ipswich two seasons ago.