AlgarveBlu
Well-Known Member
- Joined
- 21 Aug 2005
- Messages
- 3,935
Having followed financial events very closely for the past 20 years due to my job, I am confident that the timing of the involvement of ADU's purchase of City couldn't have come at a better time.
As rich as our backers are, ( apparently around Euro 1 trillion, pretty much the equivalent of the U.K's national debt) had the purchase taken place 2 years ago the effect would not have been as explosive as it is going to be from now on.
This recession is different from all those before due to one main factor - no credit in the global markets. This means that we will not necessarily be held to ransom as much as people think, as the months go by more and more footballing institutions are going to have their nuts squeezed as the credit isn't there anymore. This in my opinion will accelerate the time it takes City to where we all want it to be
I think there is a similarity to when United got their shit together at the advent of the sky takeover of football and hats off to them they were very astute in turning the developing events hugely in to their favour - will City do the same I ? I think you would have to be a genius of the highest order to screw this up from the position we have just inherited...
In essence City will become the world bank of football and should in two to three years time be at the edge of world recognition... Is this a good thing ? probably not, but rather us than someone else!
Long live the credit crunch.. viva Man City!!!
As rich as our backers are, ( apparently around Euro 1 trillion, pretty much the equivalent of the U.K's national debt) had the purchase taken place 2 years ago the effect would not have been as explosive as it is going to be from now on.
This recession is different from all those before due to one main factor - no credit in the global markets. This means that we will not necessarily be held to ransom as much as people think, as the months go by more and more footballing institutions are going to have their nuts squeezed as the credit isn't there anymore. This in my opinion will accelerate the time it takes City to where we all want it to be
I think there is a similarity to when United got their shit together at the advent of the sky takeover of football and hats off to them they were very astute in turning the developing events hugely in to their favour - will City do the same I ? I think you would have to be a genius of the highest order to screw this up from the position we have just inherited...
In essence City will become the world bank of football and should in two to three years time be at the edge of world recognition... Is this a good thing ? probably not, but rather us than someone else!
Long live the credit crunch.. viva Man City!!!