The campaign to wrest control of the soccer club is being spearheaded by a group of businessmen. The proposal is currently being studied by the bidders' financial adviser, Japanese bank Nomura.

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All G7 countries, except Canada and Germany, will have debt-to-GDP ratios close to or exceeding 100% by 2014, says the IMF.

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If there was a 25% devaluation of the dollar against the yuan or 25% import duties on Chinese goods, as some highly influential US economists are suggesting, China would sink into a deep recession as exporters already operating on wafer-thin margins are plunged into insolvency. American businesses, which rely heavily on China as the assembly plant of choice, would also find itself deep in the mire.

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