Dave Pitchford in Romford writes
Re the sale of the Club , the situation, as I understand it, is that we have not been sold as such, but the Club has effectively been taken into the ownership of the Icelandic Bank who were the main creditor of our former owner. This has been on the ca
Re the 'sale of the Club', the situation, as I understand it, is that we have not been 'sold' as such, but the Club has effectively been taken into the ownership of the Icelandic Bank who were the main creditor of our former owner. This has been on the cards for some time owing to losses suffered by our former owner in the global economic crisis.
The situation is further complicated, as I understand it, by the fact that The Bank who now own us also went bust in the crisis, and were bailed out by the Icelandic Government. So, technically, we are now owned by Iceland!
We will have to see how things pan out, but clearly we are not going to be in a Man City position of having bundles of money to spend on new players. I think that the new owners will look to sell the Club just as soon as they can find a buyer who will pay a sensible price. However, in the meantime, the slight uncertainty of our position could make it harder to attract good players.
On the other hand, what is on our side, big time, is the presence of GFZ, and Steve Clarke, as they will be a draw for players, and the presence of Nani, who seems to have a gift for finding players.
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And of course we still have the youth system conveyor belt to fall back on. I think that with the players we already have plus a few more, particularly a good striker, together with the management within the Club, we will be fine.
Interesting to think back to when Terry Brown sold the Club, how different things would have been if he had sold to what then seemed to be his preferred option, MSL.
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There would have been no 'Tevez affair', as they did, and still do, own his rights. I think that when the Tevez/Mascherano deal was done, there was an assumption that MSL would become the new owners.
Funny old world, isn't it!