Posted by: mdegeorge | August 13, 2010

Manchester City: The British anti-inflation solution

Every quarter it seems the Federal Reserve is releasing concerns about the rate of inflation in the world economy. But there’s no need to worry, since I’ve found the remedy, at least for the British economy.

When the economists summit to do their Keynesian voodoo and find inflation in certain sectors to be threatening economic stability, they can stem the tide of hazardously rampant growth with a simple move: sell it off to the Emirati-consortium-filled coffers of Manchester City.

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The seemingly bottomless pockets of Mansour bin Zayed Al Nahyan are a better sink to absorb players’ on-field value than the feathers of an American white pelican in the Gulf of Mexico are to soak up the oil upon which the Sheikh amassed his astronomical fortune.

New rules implemented in the Premier League for the 2010-11 season stipulate that senior squads must be limited to only 25 players as of Sept. 1, including eight home-grown footballers from England or Wales (a rule that’s drawn the ire of plenty of Premier League big wigs).

The rule, designed to cull bloated squads and encourage development of home grown talent, will necessitate the installation of a revolving door at the City of Manchester Stadium. While they are well above their English player quota, their senior squad currently numbers 39 players, the result of three managers using limitless funds to pursue their ultimately disappointing transfer policies.At the end of July, reports surfaced that some 30 players, including almost a dozen senior squad members, would have to be jettisoned ahead of the Sept. 1 deadline. The club’s reaction: to continue its free-spending ways by capturing the signature of want-away Inter Milan striker Mario Balotelli and remaining in hot pursuit of Aston Villa starlet James Milner, while also allegedly chasing high-profile names like Zlatan Ibrahimovic and David Luiz.

So far the only moves have been to loan the former England up-and-comer Nedum Onuoha to Sunderland, the release of Javier Garrido to Lazio, and a link of surplus midfielder Stephen Ireland to go the other direction in the Milner deal.

That still leaves in excess of a dozen players who’ll need to find new homes, a possible market saturation of discount players and cut-rate loan deals that would have made Lehman Brothers salivate three years ago.

With such a voluminous exodus in the offing, you’d expect Man City so establish an eBay page any day now with plenty of “Buy Now” options.

That means that ownership will have to swallow some bad business to eradicate their surfeit of bodies. Consider the deals that could be had at the Man City thrift shop:

– Emmanuel Adebayor, who was brought in for ₤25 million from Arsenal, might be cut loose for closer to half of that.

– Roque Santa Cruz, who accompanied former manager Mark Hughes from Blackburn with a ₤17.5 million price tag, could be available for much less.

– ₤23-million-signing Joleon Lescott is just a few poor performances away from being showed the exit door as well.

– Craig Bellamy, who moved to Man City for in the neighborhood of ₤14 million, will be leaving for less than half after not being named to Man City’s preliminary squad.

– And the alleged crown jewel of the revolution on the blue side of Manchester, Robinho, was a begrudging (and likely temporary) inclusion in that preliminary squad list but could be available for around ₤3 million for a season-long loan, a paltry return on the club’s ₤32.5 million investment.

Ant that’s not to mention the inevitable high-priced misfits that have been brought in this summer who will be replaced by

That’s over ₤100 million worth of investment for a fraction of return. It’s an example those assigned to curb inflation would love to be able to emulate.

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