Written by: tyler ransburgh
Well, it is amazing what can happen 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 owners majority ownership of Manchester City while Thaksin will retain some shares and honorary chairman of the club. The cost to the Abu Dhabi United Group was a £150 million ($268 million).
The new owners wasted no time on the last day of transfers in the Prem by looking at Valencia’s striker David Villa, Stuttgart’s forward Mario Gomez as well as Dimitar Berbatov of Tottenham. While Berbatov ended up at cross town rivals Manchester United, by the end of the day Man City did complete one small transfer…
Real Madrid and Brazilian striker Robinho who has been linked to Chelsea for a few weeks but was signed by Manchester City for a record fee of £32.5 million (a little over $58 million). Not a bad way to start off your first few hours of ownership.
This is great news for Manchester City. It was horrible to see the program in chaos because the Prem bosses let a scandal ridden ex-politician gain control of the club because of his wealth. Now they have solid backing by owners who showed within hours they are willing to spend the cash needed to bring Manchester City to the top. It has been noted that the new owners are very wealth and fully intend to use that money. Manchester City are the new Chelsea.
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