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Sheikh Mansour - The Best Owner In The World‏

Sheikh Mansour - The Best Owner In The World‏



Well if we ever needed the proof that in Sheikh Mansour we have the best football club owner in the world, then we need look no further than our recently published financial results.

Yes, not only do we have the richest owner of any football club in the world, but our owner has also further demonstrated his financial commitment to the club by making ongoing investments to ensure that we are debt free. Not only has the Sheikh converted about £300 million of loans into equity but he also purchased a further £90 million of stock to ensure our continued financial health.

What I really liked in the financial statement was that by deciding to turn loans into equity, he has ensured that no debt has been left on the balance sheet to be repaid in the future. By pumping this money into the club, as an ongoing investment, he has proved for once and all, that he did not purchase Manchester City to make any potential short term gain (unlike our previous Far East owner and many others) but is committed to the club long term. He knows that if he were in it for profit alone, then that could only be achieved by making City the most successful football club in the world.

This I believe is clearly his global aim, so watch out Real Madrid, Barcelona and the lesser lights of world football like Chelsea, Inter Milan and oh yes, that other club in Manchester.... Manchester Inthered.

Talking of them, I was engrossed by a recent article in the Guardian by David Conn, about the level of the Rags debt. He showed that since the Glazers acquired ownership of the Rags (by taking out huge loans), they have not invested a penny but in fact drained "The Swampees" of huge amounts of money to service their debt.

Between 2005 and 2008, he calculated that they have had to pay £263 million in interest alone but despite that, the debt has actually risen from £540 million to £700 million. What`s more, the projections are that unless large elements of the debt are actually paid off or refinanced in a hugely favourable manner, then things only get worse with the debt predicted to be over a £1 billion by 2017. That is of course if the banks and Monsieur Platini allow that situation to be reached.

Now, as we all know that would be a great pity. I mean, was it pure coincidence that the Rags lost to Leeds United last week? One just hopes they don`t go the same way doesn`t one?

Anyway getting back to my main theme, it all goes to show what a great owner we really have and for once, I have to agree with Duncan Drasdo, chair of the Manchester United Supporters Trust, who between his prawn sandwiches commented:

'We warned from the beginning that the Glazer takeover would saddle the club with huge debts and now we can see them biting. If it were a race, then United are dragging their owners behind them like a tractor, while City`s owners are providing rocket fuel.`

Now this just goes to show that even Rags supporters get things right occasionally… and thank you once again Sheikh Mansour and hey let the good times roll.

P.S. Also, thank goodness we have a Manager that talks about winning the title and is not worried about tempting fate. I mean ...whoever won anything by being worried about being positive?



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

Writer:Wswilly3
Date:Wednesday January 6 2010
Time: 10:42PM

Comments

0
Thank you Sheikh Mansour bin Zayed Al Nahyan, thank you
BlueWolfie
06/01/2010 22:51:00
0
willy.....we have had our differences mate but thats a quality article - please get back on the forums its the new year and a new start ????
bluemooner_mcfc
06/01/2010 23:02:00
0
Some decent points of view and reference points Wswilly3, perhaps you should have copied in the Vital United editor so that they could have a proper article on their site and not more propaganda on their front page! I also echo the opinion of BM that you should return to the forums and I apologise for any part which I may have had in our falling out, although it was just a difference of opinion on such a trivial matter and forums are all about expressing an opinion, whether they are held by the masses or just an individuals belief. As its a New Year, time for a new start?
Kevinho
06/01/2010 23:13:00
0
nikolaijns.......get *****ed you knob
bluemooner_mcfc
06/01/2010 23:39:00
0
Another idiot from Arsenal by any chance?
Kevinho
06/01/2010 23:41:00
0
Nikolaijns - get ready to bend over for Stan Kroenke mate - you are about to become another yank bitch like the rags and scousers.
fifthcolumnblue
06/01/2010 23:45:00
0
So is it the Yanks, Russians or just the English for you lot then? Plenty of jealousy I feel in amongst all of the squabbling and infighting with not an awful lot to crow about.
Kevinho
06/01/2010 23:56:00
0
Whoever it'll be Kev you won't catch any gooner showing such cringeworthy public displays of crawly bumlicking toadery. Get off your collective knees and wipe the lovefroth from your chins. I'm truly embarrassed for you.
nikolaijns
07/01/2010 00:01:00
0
couldnt lend us a few mill could u, or even benjani back would do for starters
Super Bock 1898
07/01/2010 00:02:00
0
Super Bock - I think that most of us would gladly let you have Benjani back for free as he would probably do Portsmouth more good than us. Looking back on events over the last couple of years it shows why your board were trying so hard to shift Benjani on to us as it would appear that this was towards the start of Pompeys money trouble. All the best and I hope that your transfer embargo is lifted, although I hope that City being linked to Younes Kaboul is just press speculation.
Kevinho
07/01/2010 00:12:00
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