Chinese Consortium invests $400m in CFG

[Matty]

Khaldoon, possible the best chairman we've ever had, and certainly one of the most popular. Yeah, reckon the fans might well want. Bellend.

 

[M18CTID]

Haha, it's staggering that even now they are still in denial. "corrupt, money laundering, cheating ffp, bankrupt if the sheik leaves, no value in city brand, dodgy sponsors"

I honestly didn't think it was possible to get so many clueless, ignorant comments on one page as that one on Rag Cafe. Fuck me, some of them are in total denial about how much we have grown as a club since 2008. The mouth-breathing fuckwits actually think we're no bigger a club than we were before the takeover. They also think our brand has no standing in the global game. Well read this and weep you bitter cunts - a totally impartial assessment of MCFC's brand value which currently places us 4th in the world. That's before we have won a single Champions League, before Pep has taken over as manager, and before this deal which will see us break the huge Chinese market in the most spectacular way possible:

http://brandirectory.com/league_tables/table/top-50-football-club-brands-2015

 

[Wilf Wild 1937]

What were David Gill's comments again about us never being bigger than the rags in certain areas of the world? Add them to the list of the GPC''s put downs that came back to bite them. Will they never learn? This is global domination in the next decade on a scale even the likes of Real Madrid could never dream of. The Sheikh wouldn't have diluted his holding for anything less.

 

[TonyM]

Oh the human rights of it all!!!

 

[IanBishopsHaircut]

It's interesting that none of our ITKs even had a sniff of this

 

[lancs blue]

"is this one of those rhetorical questions"

Maybe!

I also offer this:
Rob Harris ‏@RobHarris 46m46 minutes ago
Like City's original takeover, Sheikh Mansour is diluting his ownership to 87% without the deal being trailed in advance - no leak

Not trailed in advance? Is this meant to be approving of the integrity, or a spin at it being more sinister? Use of the phrase "diluting his ownership" suggests the latter.

It doesn't need to be "trailed in advance", CFG is a private company not one listed on the Stock Exchange. Is he that thick? Another rhetorical question!

 

[feedmpenzaandhewillscore]

Not even headline news on the sky sports app, looks like they are using fat Wayne's loss of form as a way to hide extremely bad news for them.

If you were a sponsor and wanted to invest in a shirt deal or advertising space round the ground, would you invest in turgid boring United or going places City?

 

[OrigamiNinja]

I don't know why people are talking about a full sell off from Mansour. So he sells the lot for £2bn what has he made? A few hundred £m? I don't believe he has done all this since 2008 for that kind of return.

 

[pfazz]

The main financial gain for the MCFC P&L account will come when sponsorship deals are renegotiated. Imagine the number of times "Etihad " has been mentioned in China already today compared to yesterday. Just another step forward to WD .

 

[MillionMilesAway]

It doesn't need to be "trailed in advance", CFG is a private company not one listed on the Stock Exchange. Is he that thick? Another rhetorical question!

Quite.
The trouble is I don't think he is thick. I don't think anyone thick could be as apparently non-judgemental on Twitter.
Jackson/Ogden - now they're thick.

 

[bluwes]

Whichever spin we put on it, HRH is no longer the sole owner of mcfc, a few more deals like this and he won't even own half, on a business level it appears good news but why did we need outside investment, for eg could we not have bought into them.

Thats wrong. ADUG which is privately owned by the Sheik, owns 100% of Manchester City football club

 

[M18CTID]

Also, I thought we could only attract investment from companies located in the UAE so can all you lurking, bitter Rag cunts explain to us what part of the UAE China is in?

 

[jrb]

You've got to read the Red Cafe thread about this. It's f***ing hilarious.

 

[kas_tippler]

It's interesting that none of our ITKs even had a sniff of this

Because they really don't know anything.

 

[Happy Feet]

Not keen on having to play in red

 

[Gareth Barry Conlon]

Thats wrong. ADUG which is privately owned by the Sheik, owns 100% of Manxchester City football club

No - your wrong. As I posted earlier:-

Just to clarify. We have issued shares which in accounting terms adds cash to the balance sheet but has no impact on P&L. The share have been issued by the holding company so the ownership of MCFC has changed and we are now owned as per the split above 87/13%.

The deal will have no impact on MCFC accounts and therefore no impact on MCFC FFP. It is that simple. Within groups of companies you find intercompany loans so the money could find it’s way into our accounts as a loan from the parent company and we could spend it but this would be no different to money the sheik put directly – it doesn’t change much in terms of our accounting or FFP. However it does mean that accusations of soft sponsorship going forward will be harder to justify given the multiple owners.

By my maths £265m is 13% of £2,039m. Let’s not do a rags and quote misleading or inaccurate figures. The group is valued at £2bn. Who cares how much we are worth we are top of the league and that is more important.

 

[kas_tippler]

@KenTheLandlord won't be happy now we've 'let the Chinese in'.

 

[MillionMilesAway]

I don't know why people are talking about a full sell off from Mansour. So he sells the lot for £2bn what has he made? A few hundred £m? I don't believe he has done all this since 2008 for that kind of return.

Agree totally.
He's in it for the leverage it gives ADUG. Selling up ends that leverage

 

[rowarta]

Harris will be linking us to this next

 

[TFC]

It's interesting that none of our ITKs even had a sniff of this

I don't claim to be ITK but I did have Chinese for tea last night ;)