Losing £197M in their last financial year, and owner Sheikh Mansour spending £800M in less than four years at the Etihad Stadium, doesn’t seem to be stopping Manchester City from spending more money they just don’t have.
Fabricio Coloccini – wanted by Manchester City
Well money they don’t have from what they make as a football club that is, but over the next few seasons every European football club will be forced to balance their books as the UEFA Financial Fair Play rules come into effect.
And if they don’t, we are told they will not be allowed to participate in any of the European competitions.
The news today in the Daily Star is that the Premier League Champions are looking to take Newcastle captain Fabricio Coloccini to the Etihad Stadium.
Jan Vertonghen, who played left back for Belgium yesterday, in England’s 1-0 win, has been telling people he expects to finalize a deal with Tottenham in the next few days.
Vertonghen was a target of City’s, but instead they will turn their attentions to Fabricio Coloccini, who just signed a deal to stay on Tyneside for the next four years, and will not come cheap.
Alan Pardew has identified Fab Coloccini as probably most important player at the club in terms of skills, experience, and not least of all, his low-key leadership skills as the Newcastle United captain.
Apparently Vertonghen chose Tottenham because he wants regular team football, and that wouldn’t necessarily be a given for Coloccini at City, even though Fab was chosen as one of the center-backs in the PFA Premier League Team of the Season, alongside City captain Vincent Kompany.
And it seems odd to us that Roberto Mancini would want to take a 30 year-old to the Etihad Stadium, as he tries to build a top squad for the future, and no doubt they will be targeting a European Champions League trophy, as a high priority over the next couple of seasons.
That may only cost another £800M – maybe even less. 😀
Newcastle will not want to sell Coloccini, who is a key player for Newcastle, and wants to take Newcastle into the Champions league over the next few years.
For the record, Coloccini has appeared 154 times for Newcastle and scored 5 goals, since signing from Deportivo in the summer of 2008, for around £10.4M, and he is an enormously popular player on Tyneside.