Are Manchester City really worth 10 times more than Newcastle United?
Manchester City are never out of the headlines these days.
A club plucked from (relative) obscurity, pumped full of ever growing amounts of money, until success has come out of the other end, both on and off the pitch.
For many (most?) football fans, Manchester City are the ultimate freak show in the rotting state of modern football.
A club built on money and little else these days.
Also, a club built on sand, possibly in more ways than one.
Despite eventually ensuring success on the pitch, it is very rare to see the Etihad full, with noticeable numbers of empty seats at most games, no matter how many trophies they win.
This week it was revealed/announced that the Manchester City owners had sold 10% of City Football Group (CFG) for £389m.
CFG is the Sheikh Mansour plan for global domination with Manchester City at its ‘heart’.
The other six clubs that are part of CFG are Major League Soccer side New York City in the US, Melbourne City in Australia, Chinese club Sichuan Jiuniu, Girona in Spain, Atletico Torque of Uruguay and Yokohama F. Marinos in Japan.
The 10% stake was bought by Silver Lake, who are a US private equity firm.
Difficult to see just how much value those other clubs give City Football Group, so in reality Manchester City are valued at around (or more than) 10 times as much as the reported £350m price tag for Newcastle United.
Is that really what the state of play is?
Many Newcastle fans don’t even think £350m is realistic and NUFC are worth far less than Mike Ashley’s claimed asking price.
As for Manchester City, that massive near £4bn valuation for Man City/CFG, really does look built on sand.
It is claimed that the £389m investment will then be used to further increase the number of club in the CFG, with Indian Super League side Mumbai City FC said to be imminent in terms of being bought up.
You would love to see into the future and see now, what exactly happens to this monster that Sheikh Mansour has created and in particular, where Manchester City will be in years to come.
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