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Manchester City In Financial Strife

Manchester City In Financial Strife

Manchester City FC are thought to be in financial strife with mounting debts and no one available to pay the bills.

With club owner Thaksin Shinawatra considering political asylum what will happen to OUR club, we call Manchester City.

City has already dismissed suggestions Dr T is looking for a buyer. However, a spokesperson made no secret of the fact there has been contact with a number of potential investors.

The biggest problem City face is that the club still owes money for the eight players signed by City's former manager, Sven Goran Eriksson, last summer.

The headline investment was around the £45m mark, the initial outlay was understood to be a much more modest £15m.

Fans are now hearing that Croatian defender Vedran Corluka is on the verge of signing for Tottenham for a mere £5m, well short of what City originally paid for the 22-year-old defender, but why?

It appears money earmarked for new players has had to be diverted away to pay for the day-to-day running of the club, something manager Mark Hughes is known to be furious about.

The next few weeks and months are vital for the club. Should Thaksin Shinawatra be found by the Football Association and Premier League not to be a fit and proper person to own an English club all hell with reek around Eastlands and the footballing world for years to come?

Watch this space - if you dare!



Click here to join in the debate on the club forum.

Writer:Tudor
Date:Saturday August 9 2008
Time: 5:48PM

Comments

0
Ireland to Sunderland confirmed on Channel 5 coverage alongside Corluka's departure according to teh lads on the live match thread.
Johnny Baguette
09/08/2008 18:10:00
0
I think I could do with a good weep!! (begins to kick the wife and **** the dog).
Tudor
09/08/2008 18:12:00
0
We need answers from Cook and Co.
Johnny Baguette
09/08/2008 18:12:00
0
guys i really am gutted for you! that joke for a chairman has really messed you up, and just one week away till the new season. it was only 3 weeks ago that you were supposed to be signing ronaldinho?? what the heck has changed in such a short space of time? i didnt watch the game on channel5, what was said about ireland and corluka?
welshyido
09/08/2008 19:19:00
0
was stevie ireland in your squad photo yesterday?
welshyido
09/08/2008 19:20:00
0
not turned out as you thought it would has it? I wonder if Hughsey rues leaving Blackburn!
merlin
09/08/2008 19:21:00
0
They only brought on Ireland because he had no choice, Vassell and The Boj and Richards look to have sustained injuries that will not heal soon. Petrov according to Danny Mills Co commentating on 5 said he had a tear and would not be back for some weeks. Corluka and Ireland both on their way. Looks like we will have to play the youth team. Dr T. is not our dream ticket, but whats new in the life of a Manchester City Fan.
Buzz Lightyear
09/08/2008 19:24:00
0
Absolutely Buzzer. We have an Academy that is the envy of all English Football and it looks as if Bluesy will continue to give the lads a chance. They've kept us afloat down the decades and it's kind of refreshing to know that we can't buy success after all!!!
Johnny Baguette
09/08/2008 19:59:00
0
fell sorry for u . But pleased with Corluka , will help modric settle. I still think he was wrong to get rid ov Eriksson
No1Yido
09/08/2008 20:03:00
0
City fans were chanting for SGE today. One things for sure the side had more steel about it today than under him and Elano has certainly beefed up after his PL mauling last season. Something Spurs must take note of with Modric.
Johnny Baguette
09/08/2008 20:16:00
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