Chinese Consortium invests $400m in CFG

Didsbury Dave said:
Correct. A lot of people don't seem to be getting this. But it doesn't affect is in any way negatively because the Shares were ADDITIONAL shares, often called a "Rights Issue". So the whole group is now £265 million richer ("capital") and has some serious allies in the far east. These guys can't make major decisions on behalf of the CFG.
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A couple of questions for @Prestwich_Blue .
First, we can say that CFG is now worth £2bn. So is it then possible to value the ADUG and then the MCFC parts of that? I say this as the comparison with, say, Real Madrid or the Rags couldn't be made directly with CFG.
Second, there is still around 12% of shares that could be bought and still leave CFG with the 75% controlling interest. It would be very interesting to see if anyone else comes along. CMC have just bought the domestic TV rights for football in China [for £1.2bn?]. The next biggest TV market is surely the US. However, I can't see CFG wanting to become to closely monitored by the IRS et al.. I suppose NYCFC says differently. Would CFG sell shares to, for example, NBC?
 
FFPbegone said:
People are silly talking about a sell off. Man city is a small entity within city football group.
We are getting investment in city football group by the Chinese. The Chinese have been give a 13% stake so they can make that stake grow in a new market.

Abu Dhabi investment Group own 100% of Man city and this deal does not affect man city in any way. The deal affects only the Chinese arm of the city football group.

Think about it, if you had a business in London and wanted to expand into New York the first thing you would do is find an investor in New York and give him a small stake in your business. The investor in New York needs a stake to have motivation to not cock up.
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Manchester City is owned by City Football Group, its in the club statement, forget about ADUG that was the vehicle used to purchase in the first place.

NYCFC is partly owned by New York Yankees with the rest owned by CFG so your analogy is spot-on
 
kramer said:
Manchester City is owned by City Football Group, its in the club statement, forget about ADUG that was the vehicle used to purchase in the first place.

NYCFC is partly owned by New York Yankees with the rest owned by CFG so your analogy is spot-on
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Can you imagine how big we are going to be????
Its incredible how much money we are given for just a 13% stake.!!!
Khaldoon did well.
Could that £265million be invested directly in transfers??
 
Ric said:
It has been kept under wraps pretty well, but don't know if you remember this from the Pogba thread over summer:





Everyone assumed it was related to Pogba, but someone on here PM'd this at the time:



Obviously I'm not claiming to be ITK, but he most certainly is.
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Who was the poster who posted the "hey Ric" post?
 
Were owned by Muslims and communists now? Sky will be hitting the wank wall with negativity against us. Let's do a deal with Putin now to complete the holy trinity.

:)
 
coleridge said:
A couple of questions for @Prestwich_Blue .
First, we can say that CFG is now worth £2bn. So is it then possible to value the ADUG and then the MCFC parts of that? I say this as the comparison with, say, Real Madrid or the Rags couldn't be made directly with CFG.
Second, there is still around 12% of shares that could be bought and still leave CFG with the 75% controlling interest. It would be very interesting to see if anyone else comes along. CMC have just bought the domestic TV rights for football in China [for £1.2bn?]. The next biggest TV market is surely the US. However, I can't see CFG wanting to become to closely monitored by the IRS et al.. I suppose NYCFC says differently. Would CFG sell shares to, for example, NBC?
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Not really possible to value the individual clubs but I think we can safely assume that City represent a large part of that £2bn. I don't know what ADUG would do but other investors are certainly a possibility and, as you say, we could sell another 12% without ADUG ceding overall control. India is another market where there is huge development potential for example.

I remember the days when Sky had a stake of 10% that they'd forgotten about and would have taken less than £2m for. That valued us at around £20m whereas today it's £2bn.
 
mat said:
Were owned by Muslims and communists now? Sky will be hitting the wank wall with negativity against us. Let's do a deal with Putin now to complete the holy trinity.

:)
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North Korea sounds a much better option than Putin .
 
Hahahahahaha how much was United bought for? And the owners drain money from the club every year? And they're massively in debt and the interest repayments are huge?

It's alright, our owners will sell us next year when they get bored though...
 
Prestwich_Blue said:
Not really possible to value the individual clubs but I think we can safely assume that City represent a large part of that £2bn. I don't know what ADUG would do but other investors are certainly a possibility and, as you say, we could sell another 12% without ADUG ceding overall control. India is another market where there is huge development potential for example.

I remember the days when Sky had a stake of 10% that they'd forgotten about and would have taken less than £2m for. That valued us at around £20m whereas today it's £2bn.
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this deal does actually bring to mind that Sky deal, which was ultimately deemed illegal. On the face of it this is similar, because the revenue generated in China/Far East will come mainly from the media companies, and this state owned/backed consortium appears to be from those very companies. So as Sky intended at the time, there can be a sort of "feedback loop" of all the TV cash benefiting City and the Chinese media. Having our cake and eating it, so to speak.

I'm convinced this is a brilliant deal.
 
I was sat having breakfast with a rag (small r as I dont think he knows where Manchester is) and a Chelski fan when the news came on the radio.... If I could have framed the look on there faces, you would have thought we had beaten them 6-0 at there home grounds. Many years ago when we first got the money I heard a rhyme which I still use to wind them up. "every time you fill up your car, you help City buy a star".... well I couldn't resist it.... "Every time you have fried rice, you help City get someone nice".
 
Fuck me stiff, its hotting up around us now and the xenophobia is in full swing! I've just heard our owner described as a bed sheet wearing Islamic terrorist and our new partners as human right abusing Communist lefties! Bwahahahahahahahaha!

On another note, something's just occurred to me. Wouldn't £265m be enough to secure Guardiola on a 4 year deal, buy Messi and tie him down to a 5 year deal without us having to use any existing funds? I mean if this were to happen, we'd probably immediately recoup it all and some, just by enhanced sponsorship and increased global interest.

No wonder the Rags are shitting themselves with rage!!! :-)
 
Prestwich_Blue said:
Not really possible to value the individual clubs but I think we can safely assume that City represent a large part of that £2bn. I don't know what ADUG would do but other investors are certainly a possibility and, as you say, we could sell another 12% without ADUG ceding overall control. India is another market where there is huge development potential for example.

I remember the days when Sky had a stake of 10% that they'd forgotten about and would have taken less than £2m for. That valued us at around £20m whereas today it's £2bn.
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I knew that you would say India. There's little value in that market and they are developing their own league. Anyway, India and China don't get on. Someone mentioned Russia but Putin's short-sighted support for Assad will have put an end to that. Africa would be an interesting one but maybe a little soon, although I read that Nigeria is about to boom. Sadly, South America seems to be mostly bankrupt. My first choice would be a US TV company but I don't know how that works with the rules over there.
 
Haven't we as a fanbase moved beyond keeping this discussion at "The rags don't like it tee hee hee" level? Fucking hell. Anyone who is looking at Man United forums or whatever right now has their priorities badly wrong.
 
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