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"There are two reasons why I came to City. I wanted to play for Kevin Keegan and we wanted to move back into the area," said Schmeichel.
"It is always exciting to be part of something that is going forward. I don't think I would have liked to play for Manchester City four years ago.
"All the time I have known about this club, the best thing has been the supporters. The club has been turned around. We are waiting to move to a new stadium and we have a fantastic training ground.
"This place is going forward. We have a manager who wants to take the team into the top six."