The Mail Bag

Man City takeover Part 2

Comments (22)

I see from the BBC Man City have been bought out by a Middle Eastern Investment Company.

http://news.bbc.co.uk/sport1/hi/football/teams/m/man_city/7591735.stm

Who says nobody wants to invest in football clubs thse days? They've been bought out twice in the last 2 years by billionaire owners. We live off loans from BK's pals. In all honesty how can we ever crack the big time again with such embarrisngly pauper like finances?

Without breaking into a complete doom & gloom rant. Doesn't this story serve to fuel the argument that BK has only considered investment that would allow him to retain his control over EFC? Either that, or we are just one fucking horrible investment proposition. Either way we're fcuked!
Philip  Martin, Merseyside     Posted 01/09/2008 at 12:34:09

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Chris Regan
1   Posted 01/09/2008 at 12:41:39

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Man City sold in record time. Dithering Kenwirght must be jokin if he expects investors to put in money and not get a share or control of the club.. Definately needs to be a 'Kenwright out' campaign before Moyes goes and the core of his squad follow.
Mike Cheshire
2   Posted 01/09/2008 at 13:26:41

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Abu Dhabi United Group have agreed to purchase Man City form Thaksin Shinawatra only 12 months after he bought the Club. I know that Shinawatra's financial issues and potential criminal trial have been well publicised and he's not necessarily the kind of guy that we'd want as Owner of EFC but it begs the question; If BK has been seeking high and low, 24/7 for a major new investor, how can we have attracted no money and City have done it twice?

Are we really that unattractive a proposition? Or is someone refusing to let anyone else play with waht they percieve as their toys? Can anyone fill me in on why we would be unattractive, ecause with my blue specs I can't really see a reason why.

Matt Kassell
3   Posted 01/09/2008 at 15:13:17

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City have had a £30m plus bid for Berbatov accepted by Spurs, according to BBC. That is some investment welcome present, that IS competing at the top level.
Albert Poissant
4   Posted 01/09/2008 at 15:05:38

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I estimate that in approximately 100 years when Citteh and the other clubs that have been taken over by billionaires have just about finished servicing their debts we’ll be glad that we had an honest, true blue at the helm steadily steering our ship through a turbulent financial minefield...we’ll be playing in the Blue Square Premier mind, but it will have been worth it just to hold the moral high ground on the whole "selling out" issue.
Andrew Dickinson
5   Posted 01/09/2008 at 15:14:56

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Was thinking the exact same thing Mike, something really stinks at the moment!

On the brighter side, we are no longer in the bottom three :-)
Philip Martin
6   Posted 01/09/2008 at 15:16:06

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I feel physically sick....

Man City break the British transfer record to land a word class striker to partner their £18M Brazilian U21 Striker.
We are about to sign Carlo Nash who City binned off years ago. We really aren’t going to be in Europe this tine next year!
Andy Callaghan
7   Posted 01/09/2008 at 15:14:49

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For the love of God. When will people realise that Kenwright cannot just sell the club overnight! Any prospective owner would have to shell out millions and millions right away on a new stadium. City don’t have to worry about that and neither do their new owners.
Philip Martin
8   Posted 01/09/2008 at 15:19:02

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Andy Callaghan, didnt the Thai dude clear City’s £80M debt when he took over? Aside from then hiring Sven on big money and backing him with £25M immediately. He was hardly frugal - irrelevant of if he spent his money on a stadium or other.

As for "Kenwright cannot just sell the club overnight!" -
what about Kenwright cannot just sell the club over 8 years?
Gavin Ramejkis
9   Posted 01/09/2008 at 15:19:55

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Will you cap doffing arseholes give it up licking BK’s arse. If a new buyer (yes that’s number 2 in two years) can come in like a shot and beat Man Utd to a player’s signature do you not think for one minute they could have a few pennies left to build a state of the art stadium that would dwarf our neighbours, if you have any knowledge of the work in Dubai for the last ten years or so anything is possible and those guys don’t understand it can’t be done.

But you feel warm and fuzzy that Black Bill is fucking killing Everton as he’s one of us.
BILL GREEN
10   Posted 01/09/2008 at 15:14:44

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yep thats insult to injury, Sky have quoted the investers saying " they did not fancy Arsenal because they were already succsessful, and have a more complex board of directors, and wanted an up and coming club to make bigger", i’m fucking filling up as i write this. quote continues " they insist City finish in the top 4 this season" sniff sniff!..... can’t carry on it’s too depressing, i’ve dreamt about this for 30 years, and now they just had 30 million pound bid for Berbaov accepted, please god make it all end.........good bye cruel world.
Ian Stewart
11   Posted 01/09/2008 at 12:12:13

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Can someone send BK an atlas with Abu Dhabi in it? It would seem the 24/7 search failed to spot the people who are in talks with Man city, unless of course the fact that we have another team in the city ruled us off their list!
Mike Oates
12   Posted 01/09/2008 at 15:32:52

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The key to getting investors on board is ensuring initial minimum investment - ie a new or recently developed ground or one which has just been paid for by a another benefactor - ie Tesco and Kirkby.

Our only solution to remain in the "top eschelon" is to support Tesco & Kirkby - sorry to those who continually fight it - they will kill the club.

Everton is a small club, with small brand image and will unfortunately always loose out to Liverpool FC.
It breaks me up to say it but what I can gather from the world of city finances - Everton aren’t rated .
Philip Martin
13   Posted 01/09/2008 at 15:39:32

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Mike, I think most blues realise we aren’t considered as attractive a brand compared with the Shite, Arse, Chelski and ManUre...or even Spurs, OR the Geordies.

However Man Utd dwarf their local rivals in terms of recent history and success. Yet they still attracted two billionaire take over bids.

I dont see how Everton FC can’t be taken seriously because of LFC when you consider who City’s neighbours are!
Bll Green
14   Posted 01/09/2008 at 15:31:47

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on a positive note maybe there will be some more investment from that region, lets pray Dubai steps in for us, and wop’s it up Abu Dahbi. We can not go any longer with this jerk in control, we must have some huge skelingtons in the BK locker room, for so many organisations to avoid us. these are difficult times and we must carry on supporting the lads, things may get worse before they get better, and to all those people in the park end who where sitting all around me, who decided to leave when the third goal went in, shame on you, dig deep in your souls and sing your hearts out for the lads!!! COYB
Mike Oates
15   Posted 01/09/2008 at 15:45:04

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Phil

They have a brand new spanking stadium free of charge at 99 year lease in the country’s number 2 city, with global airport ......

They also I suspect with globally respected "Sven" on board last season generated interest from abroad - no-one knows who Moyes is, who Kenwright is . The City management team - ex Nike CEO, ex Thai prime minister are much more streetwise vis a vis the Global economics then Bill and Keith .
Dan Walshe
16   Posted 01/09/2008 at 15:46:56

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Mike Oates...I agree with Philip, someone wrote an article on here a few weeks ago raising several reasons why Everton can’t attract investors, two of those reasons were not being in London and living in the shadow of a nearby club. Man City fall under both headings and while they have the stadium they have an even bigger problem trying to escape united’s shadow...another sad but entirely predictable day as an everton fan unfortunately
Anthony Millington
17   Posted 01/09/2008 at 16:14:37

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Since Man City are signing loads of players, we should make enquiries about a few of their players to see if they may be available on the cheap. Gelson Fernandes looks like a promising young talent in centre mid, maybe he wouldn’t cost too much? Just a suggestion?
Phillip Martin
18   Posted 01/09/2008 at 16:04:14

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Hi Mike, I agree that for Everton the Stadium is an issue. But when someone buys a club with a huge debt like City had. Then does it matter if they spend £80M on clearing that debt or £80M towards a stadium? Either way they are forking out cash...and City cannot claim their stadium as an asset ’cos they lease it. Whereas EFC with a new stadium could claim it is an asset. Again an ambitious invester could make money on such a development.
I dont see lack of global airport being a condition for a Football club takeover. I have to disagree about the interest in EFC.
IF it were us and not City today making a £32M bid for Berbatov then surely that alone would raise the profile of Moyes and EFC immensely and immediately.
Danny Osmond
19   Posted 01/09/2008 at 16:24:26

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Sky Sports News reported Manchester City entered negotiations with their new owners three weeks ago; It was roundabout 3 weeks ago the Kirkby/Tesco stadium was knocked back. Wonder if they were interested in Everton until the inquiry was called? The was rumours foreign billionaire's were waiting to buy Everton if the stadium got the go ahead.
Alan Willo
20   Posted 02/09/2008 at 08:00:01

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Again some fans just don?t get it and always want to blame BK because City have been bought. Let?s face some real facts and wake up you blinkered people: - City has a new stadium and training ground with an overdraft. The reported cost was £ 200 million and that included clearing the debit and City as proven last night can now concentrate on buying players. EFC on the other hand have a shit hole called GP, so to buy EFC would take around £ 80 million, debit a further £70 million. Stadium, if we move to Kirkby the additional £ 78 million total before buying players £ 228 million (plus a 3 yr build) but no planning permission for stadium, if we re-build at another site then without a commercial backer you can add £ 300 million minimum to that price tag total £ 528 million. That?s why nobody wants EFC it?s not a clean acquisition. Today this consortium from UAE can play with their new toy and buy players in this new premiership. EFC on the other hand can take gambles and we can all have a pint and walk up to the old lady knowing that we are the peoples club and we are the best in the world, not! Do you think they would have purchased City if they were still at main Road? No, of course not. This anti Kirkby may be about the local move to another post code but the longer we dither on a move anywhere the more chance we have of playing in the Championship, the move is more important that the location and last night has just proven that!!
Dave Randles
21   Posted 02/09/2008 at 12:27:29

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Alan Willo,

Myself, like many thousands of other ’No’ voters are not agasint moving per se, but are against moving to a second rate stadium.

Had Plans B or C been made available during the vote, then maybe, just maybe the whole move wouldn’t have attracted so much negative feeling.

I don’t recall anyone actually saying that the King’s Dock was a bad idea - case in point - give us a decent stadium and we’ll move.

I do agree though that something needs sorting and sorting qucikly, so long as its not the Kirkby Ricohclone...
Dave Randles
22   Posted 02/09/2008 at 12:27:29

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Alan Willo,

Myself, like many thousands of other ’No’ voters are not agasint moving per se, but are against moving to a second rate stadium.

Had Plans B or C been made available during the vote, then maybe, just maybe the whole move wouldn’t have attracted so much negative feeling.

I don’t recall anyone actually saying that the King’s Dock was a bad idea - case in point - give us a decent stadium and we’ll move.

I do agree though that something needs sorting and sorting quickly, so long as its not the Kirkby Ricohclone...

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