Thaksin targets Adriano, securitisation for City
HONG KONG, Dec 7 (Reuters) - Manchester City are looking to do a swap deal for Inter Milan's Brazilian striker Adriano and bring in a new midfielder during the January transfer window, club chairman Thaksin Shinawatra said on Friday.
'We're looking to see whether we'll do a swap deal or not,' Thaksin told reporters in Hong Kong.
'Adriano was a top player, but he lost form when his father died, and he put on weight,' added Thaksin, who lives in self-imposed exile in London after being ousted by a military coup last year. 'Now he's returning to form'.
City, who are fifth in the Premier League after Thaksin brought in Sven-Goran Eriksson as coach and funded a splash in the transfer market, have also targeted a midfielder.
Thaksin did not identify the player, who would eventually replace German midfielder Dietmar Hamman.
'Hamman is getting old,' Thaksin said. 'We're looking at a new midfielder who we think will play very well with Elano,' he said, referring to City's Brazilian playmaker.
'We're going to play in a classic style.'
In a later interview with Reuters, Thaksin said he was also considering securitising revenue such as gate receipts.
'The fact is I've just found out that running a football club, especially at the Premier League level, is very expensive,' Thaksin said.
'Normal revenue from TV, sponsors, kit sales, ticket sales is never enough. That's the reason why Premier League clubs keep changing hands, you need to find deeper and deeper pockets all the time,' the billionaire tycoon added.
'So if we want to own and manage Manchester City football club forever, we have to find other sources of income. You have to know how to use modern financial instruments, that's what we're planning.
'Securitisation is the name of the game they are playing in Western countries. We have to work on that.
'If we manage clubs in the old style, it's not going to work. The Premier League is global by nature.'
Thaksin would not say how much he planned to spend on players in the January transfer window, but suggested that several deals would be done.
'I never talk to Sven about amounts,' Thaksin said. 'We'll probably have to sell some of our players and loan some of our players, and we will buy some new players or even loan some new players in this window,' he added. 'We're looking for one striker, one midfielder, and maybe a wing.'