SwissRamble's Take on City Finances
Posted: Mon Jul 19, 2010 9:42 pmAn interesting read...
http://swissramble.blogspot.com/2010/07/is-manchester-citys-strategy-fair-play.html
Here's the first couple of paragraphs - WARNING - It's a long read!
"Another summer, another spending spree by Manchester City. Having already splashed out over £60 million on David Silva, Yaya Toure and Jerome Boateng, it is almost certain that they will complete more big money deals before the new season kicks-off. The press has linked them with virtually all the major transfer targets, most notably the Bosnian striker Edin Dzeko, the exciting but wayward Italian teenager Mario Balotelli, Aston Villa’s willing but limited midfielder James Milner and Lazio’s Serbian left-back Aleksandar Kolarov. Many other names have been mentioned in dispatches, so it is quite possible that the final bill will be even higher than the £118 million shelled out this time last year, with some estimates as high as £175 million.
This would be crazy money for almost any football club, but that’s the point: Manchester City is not just any old football club. Ever since Sheikh Mansour’s Abu Dhabi United Group completed a takeover in September 2008, after buying out former Thailand Prime Minister Thaksin Shinawatra for £210 million, City has been described with much justification as the world’s richest football club. The owners clearly have plans to transform City into a major global force with substantial funds being poured into the playing squad."
http://swissramble.blogspot.com/2010/07/is-manchester-citys-strategy-fair-play.html
Here's the first couple of paragraphs - WARNING - It's a long read!
"Another summer, another spending spree by Manchester City. Having already splashed out over £60 million on David Silva, Yaya Toure and Jerome Boateng, it is almost certain that they will complete more big money deals before the new season kicks-off. The press has linked them with virtually all the major transfer targets, most notably the Bosnian striker Edin Dzeko, the exciting but wayward Italian teenager Mario Balotelli, Aston Villa’s willing but limited midfielder James Milner and Lazio’s Serbian left-back Aleksandar Kolarov. Many other names have been mentioned in dispatches, so it is quite possible that the final bill will be even higher than the £118 million shelled out this time last year, with some estimates as high as £175 million.
This would be crazy money for almost any football club, but that’s the point: Manchester City is not just any old football club. Ever since Sheikh Mansour’s Abu Dhabi United Group completed a takeover in September 2008, after buying out former Thailand Prime Minister Thaksin Shinawatra for £210 million, City has been described with much justification as the world’s richest football club. The owners clearly have plans to transform City into a major global force with substantial funds being poured into the playing squad."