Man City take out £30m loan against TV revenue

August 19, 2008
By Dale Johnson
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 ...

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