07.10.2008 - Emirates flexes its financial muscle
From Latimes.com: No, no, no, he assured one of the businessmen buying the ailing Manchester City soccer club. The price tag for the British team wasn't $4 billion, but a mere $400 million. Even as the United States and much of the world reels from a succession of financial crises that are squelching access to credit and hampering economic growth in what a quarter of Americans are calling a depression, the oil-rich royal families of the Persian Gulf are bursting with cash they're not afraid to spend..... Full Article: Source