Everyone's got different taste, but seriously I think this is the worst design on the entire thread.
The outside is fine, the inside is just wrong on so many levels.
The cartoon squashed eagle that looks like it's being viewed through a fish bowl isn't even instantly recognisable as the eagle we've got now, so it kind of defeats the object.
The ship and stripes in a circle doesn't really make any sense either. They appear in a shield on the CoA and all of our badges in history, putting them in a circle for no apparent reason just doesn't make any sense from a symbolic or design point of view. The only reason they seem to be in a circle is so you can see the 'wings' of the squashed bird.
Then why is M.C.F.C included when the full name of the club is around the outside? Makes no sense and smacks of overkill.
I think the only way to make this badge worse is if you replaced the 1894 with "#Cityzens"