Manchester City takeover

Posted on September 18, 2008 
Filed Under Football, Sport News

I can’t believe that Manchester City which is one of the biggest clubs in the world is going to be taken over by foreign investors. The Manchester City boss, Mark Hughes, revealed the fact that the takeover of the club is going to complete by the end of the week.

They are in the process of finalizing the buy-out from Thaksin Shinawatra. The offer from the foreign investors have already been accepted at the start of the month and the due diligence process will be over soon.

Robinho was recently signed to the club with £32.5m which is a huge amount and this means that the club has already invested such a great amount to acquire the power of the club. Now the club is expecting a flood of new money to spend in the January transfer window.

Also the foreign investor Dr Sulaiman Al-Fahim is happy to invest in such a big club and he is ready to invest any amount to such a leading club of the world. Till now, the team has lost in two matches and won two matches.

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