City turn to excess player baggage after cutting losses in airline deal
Published 08/07/2011 | 05:00
Manchester City are set to boost their prospects of meeting UEFA's Financial Fair Play rules today by announcing a stadium naming rights deal worth in excess of £10m a year with Abu Dhabi government-owned airline Etihad.
Having posted a loss of £121m in accounts for the financial year ending May 2010, the injection of funds from Etihad will enable the club to move closer to falling in line with the FFP strictures, which could see team's barred from European competition if they post losses in excess of €45m (£40m) during a three-year monitoring period which commences at the start of the 2011-12 season.
With City owned by Sheikh Mansour bin Zayed al Nahyan of Abu Dhabi, however, Uefa are likely to look closely at the financial aspects of the naming rights for the City of Manchester Stadium in order to ensure that the monies received as part of the deal are market value figures in line with similar deals.
City's squad fly to Los Angeles for the first leg of their pre-season today with the out-of-favour Craig Bellamy, Emmanuel Adebayor and Wayne Bridge expected to miss the trip as efforts continue to find the players new clubs.
Patrick Vieira is in talks over a coaching role at Eastlands following the expiry of his playing contract last month. Vieira is understood to have rejected a similar offer from Arsenal in order to consider City's offer, which also includes an ambassadorial role.
Surplus to requirements
Who wants him? Only Celtic have expressed an interest, but wages are a major obstacle.
Who wants him? Paris St Germain and Zenit St Petersburg, but he only fancies Real Madrid.
Who wants him? City are struggling to find interested parties for the former Chelsea defender.
Who wants him? Bolton and Wigan are both keen to sign the midfielder.
Roque Santa Cruz
Who wants him? Blackburn have lost interest in the Paraguay forward.
Who wants him? Aston Villa have lodged a £2.5m bid. City want £5m.
Who wants him? Several interested clubs in Spain.