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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!






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The journalist

Writer: Tudor Mail feedback, articles or suggestions

Date:Saturday August 9 2008

Time: 5:48PM

Your Comments

Ireland to Sunderland confirmed on Channel 5 coverage alongside Corluka's departure according to teh lads on the live match thread.
Johnny Baguette
I think I could do with a good weep!! (begins to kick the wife and **** the dog).
Tudor
We need answers from Cook and Co.
Johnny Baguette
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
was stevie ireland in your squad photo yesterday?
welshyido
not turned out as you thought it would has it? I wonder if Hughsey rues leaving Blackburn!
merlin
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
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
fell sorry for u . But pleased with Corluka , will help modric settle. I still think he was wrong to get rid ov Eriksson
No1Yido
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
why were city fans chanting for sven today? what has sparky done to deserve that treatment?
welshyido
Hughes will make thim forget SGE .
city 81
But today there was clear we need Right Wing!
city 81
I don't think that the team performance was poor and should not have disappointed the fans, I personally was quite pleased with our progress today, but the disruption to the team means that Hughesy has not been able to play an unchanged side. What I want to Know is Why has our Chairman not made any Statement regarding the clubs problems in the light of the supposed sales of Corluka and ireland.Danny Mills on C5 yesterday said that he expected an Offical club statement within a couple of days.
Buzz Lightyear
One thing I will say is that the sale of Corluka is not the end of the world and he will not find it easy to get into the Spuds team if hutton is fit and may find himself warming the bench, but his he happy at the move and is he being pushed.
Buzz Lightyear
Perplexing thing in the poll !, In the first two days the result refers to (Yes 10%) (No 87%), But in third day the result became (Yes 75%) (No 23%) !!!!!
city 81
"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" - folks. I think we probably know deep down the answer to this already.... Have been holding off on a ST and will now pick and chose I think. FFS...
Aston Smithy
Cause for serious concern in all directions. The situation at City, with nobody taking control of the wheel is threatening to go out of control. Now we hear Sir Bacon Chops is after Micah. I don't envy Hughes' job one bit. he is having to deal with press speculation and leaks from within the club while Garry Cook etc arse about in Beijing.
Johnny Baguette
city 81, I think the poll is reflecting the mood of City fans as each day goes by with more rumours and lack of clarity from the club hierarchy.
Johnny Baguette
These Oriental Investors seem to be bad news. Look what they did to Small Heath (BCFC).......Oh well, sell us Petrov and Corluka and I wish you all the best.
leelindsay
I’m getting quite sick of this speculation; the media have created all this negativity which is causing a lot of unnecessary stress to supporters and City fans alike. They don’t have a clue (the media) if they were honest with us, but for some sad reason these so-called childish rumours sell newspapers. I, myself is not worried what’s-so-ever about this because I’m trying my best to stay focused on the season with a positive outlook. The Mirror is one of the worst to make things up; there may be some truth to this but it’s becoming misleading, blown out of context, trouble causing and its plain wrong! They say we are selling players to help with the day-to-day running of the club, example – “Croatian defender Vedran Corluka is on the verge of signing for Tottenham for a mere £5m”. Don’t be silly don’t you think we would sell him for a bigger price? You may think why Tottenham would pay more than £7m for Corluka, well because from his performance in the Euro2008 tournaments he is worth at least £12m. We’re selling Corluka because we have enough right backs, too many in my opinion! The reason is not because they think he’s not good enough, it’s because we could do with more quality in the attacking area. In the defensive area we have too many players of the same calibre. So as unhappy and sad to see Corluka go, we must accept that it’s for our own benefit. It won’t interrupt the defence too much! We are not in dire straits; we just need some extra cash to complete our squad and have a real good season but because of this Thaksin Shinawatra business in Thailand we need the money now, he can’t access his £800m assets because they have been frozen and he can’t access the money he has got in England, because they took his passport off him. So the media will not wind me up… Everything will be just fine. If the worst comes to worst, we’ll be just fine – win some trophies, stay a good few places in the top half of the table (7th – 4th) all season (because the higher you are, the more money you earn), earn money from the sponsorship & television revenue. Plus the FA have a ruling now where if someone is caught by corruption charges they get took off the board of the club and handed to someone safe – which in our situation would be Gary Cook. No worries… Sod Thaksin!!! I feel much better now thank you for letting me get that off my chest…
mcfcthriller
I dont think DR T is on the board at all.. Good common sense there Mcfcthriller, calm already seeeeeeeeeeeee.
Buzz Lightyear
I agree entirely. Good call, mcfcthriller...a voice of reason in times of trouble. Or media-originated trouble, at least.
Old Mother Hell
I'll reserve a final judgement until we see how much Corluka goes for!
Johnny Baguette
I wanna be like youuuuuuuuuu Thriller........ but am with La Baguette.
Aston Smithy
You'd deserve more sympathy if there'd been a peep of protest when he took over in the first place tbh. If you're happy with a dubious scumbag like that in charge then you have to deal with this sort of thing.
monkeyg
 

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