City undoubtedly has the best squad.
United with RVP signing, has attack on par with City. With Fergie, there is no way they are slipping beyond 2nd spot.
Given that Chelsea made too many signings this year, albeit very good ones, they will take time to gel together. Also given the RB problem, and aged/slow midfield, 3rd spot seems to be the best result expected. Even with Cesar, Moses, Cavani in squad, it looks difficult to break into top 2 unless we fix the MF.