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Friday, August 28, 2009

Abramovich keen to stop big-spending City

Chelsea's billionaire owner Roman Abramovich is determined to back a UEFA proposal that would stop the efforts of heavy spending Manchester City to dominate English and European football. So far, City owner Sheikh Mansour bin Zayed Al Nahyan has spent £120m in this transfer window (2008) alone to boost the standard of football in City. To prevent City from becoming a powerhouse like Chelsea, Abramovich is supporting an initiative to prevent City from spending too much. It appears funny to me since Abramovich himself spent an approximately £700m on transforming Chelsea (the Blues) into one of football's big hitters over the last six years and this average to about £116m a year, which is close to City's 2008 spendings. Due to the global credit crunch, Abramovich has limited his spendings to a mere £23m in the current transfer window.

In my opinion, the new initiative in controlling over-spending is a good start in reinstating sense back into English and European soccer. It would be sad to witness another fallen reputable football club like Leeds United some years back.

Abramovich keen to stop big-spending City [via]

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