If we turn a blind eye to state involvement for a moment, and consider Sheikh Jassim to genuinely be bidding privately then the plight of Malaga should really throw up many of the cafs beloved red flags.
- Banned from Europe by UEFA for flouting FFP
- Promising to invest and develop in the local area before reneging on funding
- The development remaining unbuilt as a result
- The club relegated amid unmanageable debt
- Misappropriating club funds and owing millions back to the club
This is far more worrying than being state owned, and could potentially make the Glazers look like good owners. We could very quickly find ourselves with an existential crisis on our hands.