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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

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
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
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
$535 billion sounds good but $540 sounds a lot better!!
Tudor
its pennies to them, no worries whatsoever. Not like mr abramovic
darryl28
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
The next door neighbour is part of the Sheiks hareem. She tells me it's true, plus he has a bolt through his.....
Tudor
I can see Big page headlines in the Mirror, 'City Owner broke, down to his last £450 billion'
Buzz Lightyear
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
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
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
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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