Manchester City FC excited for next phase in club

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To avoid the recent common plagues of financial overextension now quite common in European Championship play, UEFA has announced a “financial fairness” rule to take effect in which clubs with more than €45 million debt over three years will be banned from Champions League play.  Manchester City’s chairman, Khaldoon Al Mubarak, says he has “no worries” over implementing the new rules, even after spending $805 million in the past few years.

Manchester City is riding high after their recent victory in the FA Cup, the first major trophy for the club in almost 40 years.  They also qualified for the 2011-2012 Champions League tournament, despite a group-stage departure in last year’s Europa League.  Mubarak gives credit to his 3-year spending spree on players, and says that there is no need to continue buying key players, as the team will now focus on developing existing talent.  He is quite confident that Manchester City will thrive both athletically and financially.

 

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Reading Time: 1 minute

To avoid the recent common plagues of financial overextension now quite common in European Championship play, UEFA has announced a “financial fairness” rule to take effect in which clubs with more than €45 million debt over three years will be banned from Champions League play.  Manchester City’s chairman, Khaldoon Al Mubarak, says he has “no worries” over implementing the new rules, even after spending $805 million in the past few years.

Reading Time: 1 minute

To avoid the recent common plagues of financial overextension now quite common in European Championship play, UEFA has announced a “financial fairness” rule to take effect in which clubs with more than €45 million debt over three years will be banned from Champions League play.  Manchester City’s chairman, Khaldoon Al Mubarak, says he has “no worries” over implementing the new rules, even after spending $805 million in the past few years.

Manchester City is riding high after their recent victory in the FA Cup, the first major trophy for the club in almost 40 years.  They also qualified for the 2011-2012 Champions League tournament, despite a group-stage departure in last year’s Europa League.  Mubarak gives credit to his 3-year spending spree on players, and says that there is no need to continue buying key players, as the team will now focus on developing existing talent.  He is quite confident that Manchester City will thrive both athletically and financially.

 

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