Not long after our takeover, questions were being asked on the sustainability of the ADUG strategy, plans and investments. The Swiss Ramble did an analysis and concluded they were feasible, albeit conditional. Success on the field has justified the investment, removed any doubts and taken City finances to the top, beyond other English clubs and still growing.
Typically it was dismissed in the comments particularly by an Arsenal fan. Knowing about business in the Middle East, I replied saying that they had no comprehension of the scale of the proposed investment and that it was a 20 year plan in scope way beyond the proposed limited developments around the London Olympic Stadium. This was even before the Etihad Campus contaminated land site development.
It would be very interesting to revisit The Swiss Ramble archives, if anyone has access? For those not familiar, he is a respected, credible and often quoted source on football club finances in a standard comparable format, predating FFP.