Featured Matches
Previous
Kansas City
Philadelphia Union
12:00 AM GMT
Game Details
Queretaro
Pachuca
12:30 AM GMT
Game Details
Tijuana
U.A.N.L
2:30 AM GMT
Game Details
KV Oostende
Anderlecht
6:30 PM GMT
Game Details
Fortuna Düsseldorf
TSV Eintracht Braunschweig
6:30 PM GMT
Game Details
Fortuna Düsseldorf
TSV Eintracht Braunschweig
6:30 PM GMT
Game Details
AJ Auxerre
Le Havre AC
6:00 PM GMT
Game Details
Ajaccio GFCO
Valenciennes
6:00 PM GMT
Game Details
Arles
AC Ajaccio
6:00 PM GMT
Game Details
AS Nancy Lorraine
Dijon FCO
6:00 PM GMT
Game Details
Chateauroux
Troyes
6:00 PM GMT
Game Details
Nimes
Angers
6:00 PM GMT
Game Details
Stade Laval
Niort
6:00 PM GMT
Game Details
Tours
Créteil
6:00 PM GMT
Game Details
FK Rubin Kazan
Spartak Moscow
4:00 PM GMT
Game Details
KV Oostende
Anderlecht
6:30 PM GMT
Game Details
Silkeborg IF
Sonderjyske
4:30 PM GMT
Game Details
Lillestrom
SK Brann
5:00 PM GMT
Game Details
Bray
Athlone Town FC
6:45 PM GMT
Game Details
Cork
Dundalk
6:45 PM GMT
Game Details
Derry City
Bohemians
6:45 PM GMT
Game Details
Drogheda Utd
UCD
6:45 PM GMT
Game Details
Limerick FC
Shamrock
6:45 PM GMT
Game Details
St Patricks
Sligo
6:45 PM GMT
Game Details
Kansas City
Philadelphia Union
12:00 AM GMT
Game Details
Queretaro
Pachuca
12:30 AM GMT
Game Details
Tijuana
U.A.N.L
2:30 AM GMT
Game Details
Godoy Cruz de Mendoza
Banfield
Postp
Game Details
Rosario Central
Quilmes
Postp
Game Details
Lobos BUAP
Mineros de Zacatecas
10:00 PM GMT
Game Details
Coras Tepic
Correcaminos
1:30 AM GMT
Game Details
Avaí
Luverdense
12:00 AM GMT
Game Details
Vila Nova-GO
Goianiense
12:00 AM GMT
Game Details
Unión La Calera
Antofagasta
12:00 AM GMT
Game Details
Real Espana
Parrillas One
1:00 AM GMT
Game Details
Next
Aug 19, 2008

Man City take out £30m loan against TV revenue

Manchester City have reportedly moved to create a transfer kitty for new boss Mark Hughes by taking out a £30million loan secured against future television revenue.

With the bulk of owner Thaskin Shinawatra's £800million fortune frozen back home in Thailand as part of a criminal investigation, there had been suggestions that City could be forced to sell before they buy again, with £18million Brazilian striker Jo and defender Tal Ben Haim the only arrivals over the summer.

But after a disappointing start to the season, which has seen the Eastlands side lose at home to minnows FC Midtjylland in the UEFA Cup and ship four goals in defeat at Aston Villa, the club was anxious to free up funds for Hughes to strengthen the squad.

Securing debt on television revenue is a new way to secure loans in the current credit crunch era after clubs previously looked to bring in funding based on future gate receipts.

However, it is a dangerous model to follow as relegation from the Premier League results in a huge drop in TV money while gates can, to an extent, remain healthy.

Hughes has already failed in a £12million raid on his former club Blackburn Rovers for Roque Santa Cruz, and is also said to be interesting Diego Milito of Real Zaragoza.

The blow of Valeri Bojinov's Achilles injury in the warm-up at Villa Park has added to Hughes' need to sign more firepower with Darius Vassell and Benjani already out and Rolando Bianchi currently in limbo after a move back to Serie A collapsed.

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.