justfookinhitit
Jedi Master
- Aug 4, 2006
- 1,206
- 0
A good friend of mine who is at one of the major accounting firms came round for dinner last night. He has excellent inside knowledge of the finances of the major investors that are underpinning Man City and said that in no uncertain terms they are very very close to toppling off a cliff. Funds promised when the acquisition of the club took place are yet to materialise, cashflow is negligible and the burden of high salaries, the payoff to Sven (still unpaid), numerous significant installments due relating to the signings made last summer and the weekly drain incurred by inflated wages are crucifying the club.
Unless Shinawatra manages to have funds unfrozen very soon then they will have no choice but to find investors that can inject cash into the club immediately. If no investors are forthcoming they could well have a fire sale next summer (or potentially even in January, though that is unlikely).
Unless Shinawatra manages to have funds unfrozen very soon then they will have no choice but to find investors that can inject cash into the club immediately. If no investors are forthcoming they could well have a fire sale next summer (or potentially even in January, though that is unlikely).