Manchester City should be considered favourites to win the Premier League after splashing out millions of pounds in the transfer market over the close season, said Aston Villa manager Martin O'Neill. "City might not be favourites to win the league but they should be," O'Neill was quoted as saying in British media. "If (Kolo) Toure comes - and they still haven't stopped spending - they have as good a chance as anyone of winning it. Arsenal defender Toure is set to join City on Wednesday for a fee of about 16 million pounds. They have already signed forwards Emmanuel Adebayor, Carlos Tevez and Roque Santa Cruz plus midfielder Gareth Barry.