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Rich Arabs Might Not Be So Rich After All

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The world's credit crunch has finally caught up with the Arab Nations, but will this effect Manchester City Football Club?

www.arabianbusiness.com is reporting a financial meltdown regarding the 50 richest Arabs with an estimated $25 billion being lost between them. And with City's owners coming from that neck of the woods, how will these mind blowing figures effect January's transfer window?

There are more questions than answers, however one of the most over riding questions must be, will ADUG slash Mark Hughes estimated 100 million transfer kitty?

If you have an opinion please feel to leave your comment directly below this article, or click here and visit our forums.



The journalist

Writer: Tudor Mail feedback, articles or suggestions

Date:Friday December 12 2008

Time: 4:20PM

Your Comments (oldest first)

Change to most recent first
oh please dont say the media will catch drift of this. You can see the headlines now.. "City Arabs Consider selling club after big losses" and so on. Stil all 50 richest people made a combined lost of 25 billion. I really dont think 25 billion will harm the ADUG that much to be honest. Slash Hughes's 100 million transfer fund? I doubt he'l spend that much anyway?
amcollinz
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12/12/2008 16:44:00

Should be an interesting few days (Aaron) when it comes to headline news. Oh and the 100m budget covers January and the summer transfers - I think.
Tudor
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12/12/2008 16:52:00

If the top 50 richest people have lost 25 billion between them and ADUG is made up of 10 or so of these people, i dont think 5 billion is too big a dent in the 540 billion they are supposed to have.
dave0
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12/12/2008 16:52:00

$535 billion sounds good but $540 sounds a lot better!!
Tudor
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12/12/2008 16:55:00

its pennies to them, no worries whatsoever. Not like mr abramovic
darryl28
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12/12/2008 17:05:00

I've heard the sheikh is getting MCFC tattooed on his cheek and he's already got his nipples pierced with little MCFC tassles. Can anyone confirm this?
SkyBlueSuedeShoes
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12/12/2008 17:24:00

The next door neighbour is part of the Sheiks hareem. She tells me it's true, plus he has a bolt through his.....
Tudor
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12/12/2008 17:32:00

I can see Big page headlines in the Mirror, 'City Owner broke, down to his last 450 billion'
Buzz Lightyear
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12/12/2008 18:34:00

Ha ha there was an article CREDIT CRUNCH WHAT's that in ur site!Now the opposite atleast some concern.LOL. Daryl 28 no need to worry about MR. RA.Better think about urself.So ur owner supposed to have tattoed cheek & nipple pierced with MCFC.AK!So cheap! I wonder when u all city fans will be hoping ur Sheikh using CONDOMS with MCFC seal on it!LOL.
Saimon_blues
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12/12/2008 19:56:00

i knew it was true. Top marks to the sheik for loyalty but those bolt things can be a right inconvenience. take it from someone who knows
SkyBlueSuedeShoes
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12/12/2008 23:31:00

our arab owners wealth is firmly embeded in oil, we have nothing to worry about.. these are the men who cashed in on barclays through the 'credit crunch'..
tommytheblue
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13/12/2008 00:14:00

if there were any worries to our owners about the credit crunch, just imagine how it will be affecting other team owners.....by the time it has any "real" effect on any Oil rich Arab......many other so called "rich owners will have "gone under"......
lincolnblue
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13/12/2008 08:05:00

 

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