Man City news: Kieran Maguire issues 'big' verdict as £6m deal aborted - 'It's not great for PR'
Man City parent organisation City Football Group failed in their bid to take over NAC Breda because of the “big passion” of the club’s fans.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider after the £5.8m deal officially collapsed.
NAC confirmed in a club statement last month (23 March) that they had accepted the bid from City Football Group.
This prompted a major backlash from fans of the Dutch club, with a banner protesting the deal even appearing outside the Etihad
And as per The Guardian last Friday (22 April), the deal was ultimately vetoed through the golden share mechanism at the 11th hour.
Maguire explained where he believes the buyout strategy went wrong.
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“It’s not great for PR,” he told Football Insider‘s Adam Williams.
“But it is more a reflection of Dutch football and the big passion the fanbase has. I don’t think it’s any disrespect to City Football Group.
“The fans want to preserve local identity and heritage and they feel that would be better achieved through being independent.
“The perception by some fans is that they would have become a ‘B’ club, which isn’t the case but you can see the reservations.
“CFG already have representation across the globe and that will be maintained.”
NAC has instead been sold to a local consortium.
They would have become City Football Group’s 11th acquisition worldwide had the deal gone through.