2010 has been a shocking change for the city of Manchester. Manchester City, who has now won 4 straight league games under their new head coach Mancini, is beginning 2010 with a bang. Especially, because their owner, Sheikh Mansour, has now personally invested 395 million pounds into the club, taking City away from the 305 million pound debt they were in. Supposedly all 305 million pounds of the earlier loans from Mansour's Abu Dhabi United Group were cancelled in return for new shares in the club.
Man United on the other hand, are over 700 million pounds in debt. To attempt to decrease the size of this debt, United is trying to raise 500 million pounds through a bond issue. For the entire financial situation, click here Times Online- Man Utd.
So what does this all mean?
-Well, Sir Alex Ferguson stated that the debt has not and will not affect his budget for transfer spending. However, being over 700 million pounds can never be a good thing. Even worse news for United is striker Dimitar Berbatov might be out for awhile with knee surgery. United is weaker than their last couple years- especially on the offensive end. They had Christiano Ronaldo and Carlos Tevez- two huge scoring threats. Tevez, who is back on Man City, scored a hat trick on Monday and has 15 goals, 12 of them in league, and Christiano already has 13 goals with Real Madrid, 7 of them from league games. So not only is Man City benefitting from stellar play by Tevez, but United is hurting with only Rooney as the lone true goal scorer left for them. Personally, I think if United doesn't buy someone special to compliment Rooney, they might be heading into this decade the wrong way. Meanwhile City is picking up their play, as it looks like their team and all the summer signings are starting to come together. This very well might be the end of a one sided rivalry in Manchester.
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