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Man City's huge £473million CFG loan explained

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manchestereveningnews.co.uk

Get the biggest City transfer window stories, pre-season news and updates delivered straight to your inbox One of the greatest aspects of the 2008 Manchester City takeover was the way it wiped out the club’s debt and seemingly ensured that they no longer had to worry how they would balance the books.

The headlines that screamed how Sheikh Mansour’s wealth had overnight transformed the Blues into the “world’s richest club” were not too far from the truth.

And as rivals Manchester United and Liverpool plodded along in their wake, in terms of spending power, burdened by the need to pay off the debts both clubs incurred during their own takeovers, City made a virtue if their debt-free ownership model.

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