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Thu 19 May 2011 01:46 PM

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Man City to curb player spending spree, says chairman

Khaldoon Al Mubarak says focus will be on quality not quantity this summer, mulls two signings

Man City to curb player spending spree, says chairman
Manchester City Chairman Khaldoon Al Mubarak (Getty Images)

Manchester
City chairman Khaldoon Al Mubarak has said the club will not continue
its spending spree with a string of new player signings this summer.

The
Premier League club, which last week secured its first trophy in 35 years after
winning the FA Cup tournament, will instead focus strengthening its existing
team, Mubarak said.  

“It
won't be like last summer, or the summer before. What you will see this year is
strengthening the squad in areas that we feel require more depth,” he said in
as video interview on the club’s official website.

“We
don't need quantity, as today we have quality. We just need a couple of players.”

Only
two new players are expected to be added to the club this summer, meaning
manager Roberto Mancini will not have a blank cheque to add to his current team.

Spanish
midfielder Xavier Hernández i Creus (known as Xavi), currently at Barcelona, and
Portuguese winger Cristiano Ronaldo had been reported as possible targets for the
club.

There
is also ongoing speculation over the future of Carlos Tevez, with media reports
suggesting the Argentinian forward may leave the club.

Mubarak
said the team’s historic winning of the FA Cup and Champions League
qualification was proof City is moving in the right direction.

“It
is an incredible feeling. I'm absolutely delighted for everyone involved in the
club. The team, the players, coaches and the fans of course,” he said.

“I
feel strongly a winning mentality is coming into the team. We have an
incredible squad with so many talented individuals and a lot of heart in that
squad.”

Abu
Dhabi’s Sheikh Mansour bin Zayed Al Nahyan has spent more than £500m ($805m) on
the team since acquiring it in 2008 from former Thai Prime Minister Thaksin
Shinawatra.

Most
of that money has been spent on revamping the team by snapping up players such
as Carlos Tevez, Edin Dzeko and Mario Balotelli for multimillion-pound sums.

The
company booked a full-year, pre-tax loss of £121.3m ($192m) last season, the
second-highest loss of any Premier club on record, after its wage bill eclipsed
its turnover.

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