Putting our own concerns to one side (we will be unrecognisable in 3 years from the OLD City), what must the likes of Aston Villa, Everton, Spurs and West Ham think of this? We have won the lottery, but nobody else can? It's a joke and this ruling clearly demonstrates how corrupt football has become.
I can't see this passing competition laws, I really can't. We are meant to be in a 'free market' aren't we?
If it does come into force I can Imagine a few ways around this as many others have stated. For instance the Sheikh could 'loan' us £500m and pay him back about a fiver a year, I reckon even we could service that deal. The absolute piss take of all this is (imagine this idea on a presonal level) its okay to have 10 different credit cards maxed out, but you can't rely on 'gifts' off your wealthy Great Uncle Mansour.....wtf!?
Looking abroad the likes of Shaktar Donesk and Wolfsburg will be pretty pissed off too.