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Peter Coates: 'Stoke City can compete with elite clubs'

Stoke City chairman Peter Coates believes that the financial power of the Premier League allows the club to compete with the world's biggest clubs.

Stoke City chairman Peter Coates has claimed that the club have the financial power to compete with the world's biggest clubs.

After securing a top-half finish last season, Mark Hughes has improved his squad once again with the likes of Ibrahim Afellay and Xherdan Shaqiri, who joined the Potters from Inter Milan for a club-record fee earlier this month.

Clubs that avoid relegation will receive a financial boost when a record TV deal kicks in next year, and Coates believes that the future is bright for Stoke.

"If Stoke City can stay up we get, roughly, an extra £40m - that's a huge chunk of money," he told BBC Radio Stoke.

"We've probably got a larger budget than most teams in Europe and we can compete with the world's top teams.

"If we can get the best players - they tend to follow the money - it shows you what a powerful league it is. It's a phenomena."

Stoke take on Norwich City at Carrow Road on Saturday.

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Norwich boss Alex Neil watches on intently as his team take on Sunderland on August 15, 2015
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