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Manchester City break income barrier

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By AFP
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English champions Manchester City posted record revenues of Sh66 billion (£500.5 million, $652 million) in a record-breaking 2017/18 campaign on the pitch as Pep Guardiola’s men romped to the Premier League title amassing 100 points.

City reported profits of Sh1.3 billion (£10.4million), a fourth consecutive year of profitability, with wages to revenue ratio falling to 52 percent.

“Our journey is not complete and we have more targets to fulfil,” said chairman Khaldoon Al Mubarak, who recently celebrated a decade since an Abu Dhabi-backed takeover of the club transformed City’s fortunes.

“There should be no doubt that we are looking forward to the challenges of the new season and those beyond it with equal commitment and determination to the 10 seasons that came before.”

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Before Sheikh Mansour’s takeover, City’s revenue was a mere Sh11 billion (£87 million) for the 2007/08 season.

Huge losses of over £584 million followed during the first six years of their ownership due to massive investment in the playing squad and facilities, including the £200 million Etihad Campus training ground.

However, surging television revenues, commercial sponsors and regular Champions League football mean that City now trail only local rivals Manchester United and European powerhouses Barcelona, Real Madrid and Bayern Munich for income, according to football finance specialists Deloitte.



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Police in hot pursuit of gang that car-jacked a Ruaka resident – KBC

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The vehicle was found abandoned in Kagongo village, having been vandalized.

Kiambu based detectives are pursuing a dangerous and armed criminal gang that car-jacked a Ruaka resident on Friday, before disappearing with his Toyota Premio as he drove to his residence.

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According to the Directorate of Criminal Investigations(DCI), the victim had pulled over by the apartment’s gate at Ruaka One River Apartments, unaware that a gang of three assailants was laying in wait for him.

As the gates opened, the driver’s window was suddenly smashed with an iron rod, before two shots were fired in the air from a pistol in an attempt to subdue him.

However, he managed to force his way into the parking lot, but before he could jump out of the car and scamper to safety, the trio caught up with him and roughed him up before grabbing his car keys and phone.

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On receiving the report, DCI detectives based at Kiambaa launched a manhunt for the suspects.

The vehicle was found abandoned in Kagongo village, having been vandalized.

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Its rear and front headlights, side mirrors, all tyres, nose guard, boot and radio had been stolen.

Detectives believe that the three suspects are part of a larger criminal syndicate operating within Kiambu County.

They have been targeting taxi drivers while posing as customers, only to turn against them at isolated places, then vandalize their vehicles.

” Some members of the syndicate have previously been arrested and arraigned in court.” Said the DCI

The DCI has cautioned Kenyans on this trend of crime.

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Nyandarua County Assembly Speaker impeached for third time

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The special sitting was held despite a court order that reinstated the speaker.

Nyandarua County Assembly Speaker Ndegwa Wahome has been impeached for the third time.
Wahome was voted out over gross misconduct, abuse of office and nepotism in a special sitting held on Saturday.
31 out of the 38 ward representatives supported the impeachment motion while six opposed and one abstained.
The special sitting was held despite an order by Nakuru High Court Judge Hillary Chemitei reinstating Wahome until a case he had filed against his removal was heard and determined.
Reading out the charges, the mover of the motion, Majority Leader Edinard Kingori, accused Wahome of favouritism in assembly functions.
Kingori claimed that Wahome also failed to account for monies meant for the construction of Nyandarua County Assembly offices.

Nyandarua County Assembly Leader of Majority Edinard Kingori displays a notice of impeachment motion against speaker Ndegwa Wahome.

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The Majority Leader alleged that the embattled speaker colluded with some MCAs and undermined Governor Francis Kimemia’s leadership.
“The speaker has outrightly shown that he is unable to hold office. That is why we want him out. All he keeps asking from the executive is for more money yet he cannot account for the ones he has been allocated. We cannot allow this anymore. He has been discriminating against some of us in county assembly functions while favouring others. Is this fair?” posed Kingori.

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Responding to the allegations, Wahome, who defended himself via zoom, said the impeachment was merely a political act.
“We know whose hand is behind this. My hands are clean and everyone can attest that I have run this assembly professionally since I took over eight years ago,” said Wahome.
Wahome said that his demand for accountability and firm stand against corruption in the county was the root cause of his predicament. 
The speaker was represented by lawyers, Martin Waichungo and Mathea Gikunju.

 

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Will retiring governors be kingmakers in 2022 contest?

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Key political players eyeing to succeed President Uhuru Kenyatta are wooing retiring county bosses, hoping to ride on political influence for votes.

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