Friday, September 18, 2009

Khaldoon al-Mubarak interview with David Conn

An in-depth interview between the chairman and David Conn is up on The Guardian's website, covering a number of topics but mainly centred around the topic of club debt raised as the issue de jour by Michel Platini:

"I could accept the argument if we were artificially building up the club through debt," Khaldoon said. "That produces a destructive end result; we have seen that happen. But in our case, the club will be in the healthiest position because there is no debt. We have funded it through equity [permanent investment], including the signing of the players.

"I believe what we are doing is a fair way to inject competition into football, without debt."

The piece is a pre-cursor to a wider feature on the club which appears on Conn's blog, with the first part now up, and is well worth checking out.

vote it up!

1 comment:

Daniel said...

Excellent article. The key detail of the takeover that most people overlook is the absence of club debt. Sure a couple hundred million pounds was spent on new players, and there have been much-needed upgrades to club facilities. But unlike Ruski Abramovich, City aren't saddled with debt. Cheers to Sheik Mansour and Khaldoon al Mubarak: true gentlemen.