Manchester City F.C may be putting too many fingers in too many pies with all their new purchases. Questions are being asked about the team’s new acquisitions which may have just broken the bank. In the last financial year it was revealed that City was running at a loss of £51 million, but they have countered this statement saying they are on track to breaking even. Chairman Khaldoon Al Mubarak stated that the club remained successful commercially and its future was going strong. The club is listed as generating £231 million in revenue alone with salaries ranging between £2-15 million.
The team is still on the lookout for new acquisitions to their team, which might blow away all ideas of breaking even. The team has been courting French player Eliaquim Mangala, currently a defender for Porto F.C. Mangala. He has rebuffed several offers in the past by City as well as several other premier league teams. The team is hoping to bypass any reservations Mangala might have by offering him a release clause of £38 million. City’s current defender Mateja Nastasic has been besieged with calf injuries and although he is considered a promising player, Mangala has more experience. If Mangala accepts the contract, his release clause alone would work out to an average of £10 thousand a day.
Manchester City F.C is charging ahead without worrying about having too many extra assets. They, instead, are looking to get into other overseas markets. They are set to buy an Australian club, the Melbourne Heart. The Heart have had a horrible season this year, but have some wildly popular and charismatic players. Australia runs its own league, the Official Hyundai A-league, with teams from Australia and New Zealand. As that league continues to grow, City is unlikely to regret getting their fingers into that particular pie. Also, the club is set to relaunch the Manchester City Woman’s F.C on Friday. The team have been formally linked since 2012, but have recently pledged to be committed to funding and coaching the team.
The Manchester club is also considering making a move on FCB Barcelona star Xavi to headline their American Major League Soccer franchise New York City F.C. The club will not be set to play in the MLS until 2015, but which time Xavi will have only one more year in his Barcelona contract. Xavi has spent his entire career with Barca, having come through the club’s youth academy, La Masia. But when asked about his possible retirement from Barca, he said that although playing for the team had been a privilege, the future was uncertain.
City has a history of making top bids for attracting players. In 2009 they lured Carlos Tevez from Manchester United for £43 million. In 2011 Sergio Aguero transferred from Atletico Madrid for £37 million. Bosnian striker Edin Dzeko also transferred in 2011 for £27 million.
With all of these new purchases and attempted acquisitions it is no wonder Manchester City F.C may have blown their budget with too many fingers in too many pies. However, the released figures on their financial situation are down from their previous year which were close to £97.9 million. All their new purchases will hopefully go towards creating a stronger club with far-reaching profits coming in from other markets. A win of the Premier league or the UEFA Champions league would also put the club in good stead. They are hoping to lower ticket prices to get more fans behind them in the stadium.
By Sara Watson