It is one of the world's richest clubs -- and it needs fixing.
Enter Manuel Pellegrini -- a man who knows his nuts and bolts when it comes to putting together a racing machine to rival those across Europe.
The 59-year-old Chilean, nicknamed "the engineer" thanks to a university qualification in civil engineering, is the coach Manchester City believes will get its new "holistic" project firing on all cylinders.
A year after leading City to its first league title in 44 years, Roberto Mancini was relieved of his duties and cast aside with the club's patience finally exhausted with the Italian.
Bust-ups with key players, disillusionment with the club's transfer policy and fury at the board's refusal to dampen speculation over his future sealed Mancini's fate.
"Last season, City was a bit like a car which had all the best parts and was great when it fully functioned," Times football writer Rory Smith told CNN.
"But it didn't function enough and that has been the problem. They' sleepwalked through most of the season."
City are at a crossroads -- the club's owner Sheikh Mansour and chairman Khaldoon Al-Mubarak were left to watch great rival Manchester United wrestle back the league title, while the club's European ambitions were blown apart.
The impotent showing of Mancini's team in the FA Cup final defeat by Wigan proved the final straw.
"The club was not where it needed to be," a source close to the City owner told CNN.
Winning is a must -- but City are looking to build a project and a long-term future to avoid becoming something of a Chelsea -- a club which chops and changes managers more often than any other in the Premier League.
In its statement issued following Mancini's sacking, City claimed it wanted to "develop a holistic approach to all aspects of the football club."
That word, "holistic" caused much mirth on social networking sites, with images of scented candles being used as floodlights and the sounds of dolphins being piped into the stadium through the PA system being thrown around on Twitter.
"I can see why the word made people laugh, but 'holistic' is the right word," Smith added.
"It's a bit 'new age' perhaps, but my question is, why haven't City already been adopting a holistic approach? Why all of a sudden?
"To me, it smacks of excuses or short-sightedness."
Mancini didn't do holistic. Just ask Carlos Tevez and Mario Balotelli -- two men to have rubbed their former manager up the wrong way.
The arrivals of chief executive Ferran Soriano and sporting director Txiki Begiristain, both previously of Barcelona, had initially been welcomed by the Italian.
But a perceived lack of support from the board during last year's transfer window caused friction between Mancini and those in the higher echelons of the club.
A series of poor relationships with players, which included publicly criticizing them and a failure to bring through any youth players from the academy, appeared to be at odds with City's new-found approach.
Driving the club forward is exactly what City expects Pellegrini to do -- especially after enjoying such great success at a Malaga club ravaged by financial difficulties.
Less than a year ago, Malaga was in an almighty mess with the consequence that UEFA has banned the club from European competition next season for failing to meet the organization's licensing rules.
And yet, after securing a fourth place finish in La Liga last season, Pellegrini steered Malaga to within two minutes of a place in the semifinals of the European Champions League only to lose out in dramatic fashion to Borussia Dortmund in heartbreaking fashion.