Wednesday, October 6, 2010

Manchester City-- RIP to Crazy Spending Summers

Manchester City has set all kinds of records lately with ridiculous spending to the point of hilarity.  Just this summer, City brought in over £100 million in acquisitions.  On average alone, that is £25 million per man.  The outlay takes Sheikh Mansour's total spend, mostly on transfer fees and wages, to £500 million since his takeover in 2008.

Getty Images


It was reported last week that Man City lost over £121 million in the last year (revenue versus expenses). 

UEFA's new rules are an attempt to curb the massive spending that is crippling football clubs across Europe. Clubs will be allowed to lose no more than €45 million (£39 million) for the next three seasons and must then break even to be allowed entry into the continent's most high profile and lucrative competition.

"We sat down with Roberto Mancini in February-March and planned our summer programme," he said. "The people here were on the list. There is a balanced strategy. English players and young players. Other than Yaya they are all young developing players."

Toure, who joined from Barcelona, is in the mould of another City player, the ageing Patrick Vieira, who joined in the previous transfer window. Together, they are the only exceptions to a policy of buying young rising stars.

"The feeling was we needed players of presence, quality, with a winning mentality to bring that culture to the club," Marwood said. "Patrick and Yaya have that. Micah [Richards] for example, is an emerging young player. To have him alongside Patrick, Yaya, Kolo [Toure] every day, in the changing room, on the pitch, is invaluable."

But the controversy over Yaya Toure's signing was not the 27-year-old's age but the reported £220,000-a-week salary handed to the ex-Barcelona man. Marwood insists he is value for money.

Is Man City viable for the debt ratio that UEFA is planning to implement.  Will UEFA actually go through and ban Man City from competition in UEFA leagues because of reckless and just flat out atrocious spending?

No comments: