Tuesday, August 30, 2011

Manchester City taken to a whole new level with Sheikh Mansour's £1 billion investment

Three years after the regime of previous owner Thaksin Shinawatra almost plunged City into financial meltdown, with the club desperately attempting to fund the £6.45 million signing of Argentine full-back Pablo Zabaleta before the 2008 summer transfer window closed, the transformation of Manchester City is now almost complete – at the cost of £915,000 a day.

Having spent £210 million to acquire Thaksin’s stake, plus a transfer outlay taken to £433 million with Nasri’s arrival last week and an aggregate wage bill of £360 million, Sheikh Mansour’s bank account has now had £1.003 billion of its funds directed towards his football team since Sept 1, 2008.

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