Man City secure £30M loan for Hughes' transfer plans

Manchester City boss Mark Hughes has received a new bumper transfer kitty.

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The Times says City have secured a £30 million loan against future television revenue to support Hughes in the transfer market, amid continuing uncertainty over the future of their owner, Thaksin Shinawatra.

City's financial position is in doubt while Thaksin's assets remain frozen in Thailand, where he is refusing to face trial over corruption charges, but the club have played down the significance of a loan that is designed to ease cashflow difficulties and allow Hughes to strengthen his squad.

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