Written by: tyler ransburgh
What do the Premier Leagues top brass and the Wu-Tang Clan have in common?
They both believe in C.R.E.A.M. = Cash Rules Everything Around Me.
Thaksin Shinawatra, former Thailand prime minister, current owner of Manchester City is facing corruption charges over a property scandal back home and has OFFERED to step down from the Premier League club’s board.
Billionaire Shinawatra currently has $2 billion in assets frozen by the Thailand government and has skipped bail and gone into exile in London this month. Thaksin was removed from power in a coup in 2006 and fears for his life which equates to not even attending Man City games.
How is it possible that a man in this type of situation could buy a Premier League club?
Simple, the Prem loved the though of another billionaire owner… C.R.E.A.M. The Premier League has to approve any and all club bids to make sure clubs wont be put in jeopardy. Swing and a miss.
Manchester City has a new coach, Mark Hughes and new players that have been brought in during the transfer window. These new members of the Manchester City organization have to deal with the thought of an owner that could be put in prison and lose control of the club, putting its future in a tail spin.
Why? Because the Premier League could not say no to a billionaire. Even though his troubles were well documented when the Prem approved his bid to take over Manchester City.
The Premier League and the other owners have failed and unfortunately Manchester City will have to deal with the unrest and potential fall out.
Tags: Thaksin Shinawatra
[...] in a day. Manchester City went from a club on the brink of chaos to a solid team with new backing. Scandal ridden Man City owner Thaksin Shinawatra has signed a memorandum of understanding with Abu Dhabi United Group. The deal will give the new [...]