City Football Group (CFG) (parent of MCFC) issued £210m of new A preference shares on 30 June 2024

Could be interpreted in a number of ways:
Looks like a £250m transfer war chest.
Looks like a £250m stadium investment fund.
Looks like a £250m CFG buy about to happen.
Looks like a £250m FFP/PSR fine could be incoming.
Who knows what’s going on?
 
Note that this is money raised by CFG so it may be absolutely nothing at all to do with Manchester City and, instead, one or more of the other teams in the group or even something at group corporate level. Even buying another team - who knows?
 
CFG except City are burning through cash and this is a cash injection to prop it up, I think.
Whilst City are in a good place at the moment, we could still be susceptible to a group failure.
Also note that we are becoming more Yank owned!
 
Hoghead said:
CFG except City are burning through cash and this is a cash injection to prop it up, I think.
Whilst City are in a good place at the moment, we could still be susceptible to a group failure.
Also note that we are becoming more Yank owned!
Click to expand...

CFG other clubs are losing money so was city for the first 6/7 years! Don't forget when CFG buy a club or % they invest a lot to put them on the right track! We play the long game they will make money in the future just like we do now...
 
Hoghead said:
CFG except City are burning through cash and this is a cash injection to prop it up, I think.
Whilst City are in a good place at the moment, we could still be susceptible to a group failure.
Also note that we are becoming more Yank owned!
Click to expand...
They're preference shares and non0voting, so it doesn't change the fundamental ownership percentage.

But perhaps the oil HAS run out and the Sheikh is skint?
 
waspish said:
CFG other clubs are losing money so was city for the first 6/7 years! Don't forget when CFG buy a club or % they invest a lot to put them on the right track! We play the long game they will make money in the future just like we do now...
Click to expand...
But the big money comes from TV and even NYCFC aren't going to be making huge revenues, let alone big profits I would have thought. Even City aren't doing that (big profits). NYCFC will be valuable because of the stadium but I suspect it'll be eating up lots of cash for at least a few more years.
 
One thing that might be worth a look on this is to see which class of shares has been allotted and then have a look at which existing shareholders have which classes of shares.
I used to work in this field so would try that to shed light as to who the new shares were being allotted to.
 
Norman kneejerk said:
One thing that might be worth a look on this is to see which class of shares has been allotted and then have a look at which existing shareholders have which classes of shares.
I used to work in this field so would try that to shed light as to who the new shares were being allotted to.
Click to expand...

The original tweet says:

• Silver Lake: 18.15% ➡️ 21.29%
• Abu Dhabi United Group: 78.74% ➡️ 75.72%
• CMC Football Holdings: 1.00% ➡️ 0.96%
• Vega FZ LLC: 2.11% ➡️ 2.02%
 
bluesmith said:
The original tweet says:

• Silver Lake: 18.15% ➡️ 21.29%
• Abu Dhabi United Group: 78.74% ➡️ 75.72%
• CMC Football Holdings: 1.00% ➡️ 0.96%
• Vega FZ LLC: 2.11% ➡️ 2.02%
Click to expand...

Not that this makes a blind bit of difference and I'm sure @slbsn was simplifying, but ADUG no longer exists and the company that owns CFG on behalf of Sheikh Mansour is now called Newton Investment and Development.
 
Damocles said:
Not that this makes a blind bit of difference and I'm sure @slbsn was simplifying, but ADUG no longer exists and the company that owns CFG on behalf of Sheikh Mansour is now called Newton Investment and Development.
Click to expand...
It will always be ADUG to me...
 
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