Because the last thing the Blues are going to need next season on their return to the Premiership is a self-opinionated German midfielder with an ego the size of Blackpool Tower.
This legend in his own lunchtime claimed that not gracing the Blues with his signature had nothing to do with the fact that Kevin Keegan told him - politely of course - to go take a running jump when he demanded a wage of £60,000.
Money didn''t come into it, claimed Effenberg. (Oh, really?) No, he insisted. He just couldn''t possibly join a club whose ambitions didn''t match his own. Sorry we''re not Real Madrid, Stefan. But Kev''s doing his best.
Exactly which club can satisfy Effenberg''s lofty ambitions only he will know. But we can say with a fair degree of certainty that he won''t be joining another German club when his contract at Bayern Munich runs out.
Because even in his own country self-satisfied Stefan is about as welcome right now as a skunk under the duvet.
He was encouraged by Bayern to seek employment elsewhere - preferably as far away as possible - after publicly branding Germany''s unemployed as "spongers" and demanding that state benefits be slashed to the bare bones.
He certainly knows how to win friends, does old Stefan.
Did you know that even before Effenberg paid his royal visit to Maine Road to meet King Kevin, the German newspaper Bild dispatched sports editor Matthias Brugelmann to Manchester to "check out the city on its Effenberg suitability.
Now that is arrogance on a grand scale.
On reporting back to his newspaper, Herr Brugelmann wrote: "When you fly into Manchester, the plane descends through a mixture of chimney smoke and smog.
"Manchester is a working-class town with 10 per cent unemployed."
Would have suited Effenberg right down to the ground then, given his views on the out-of-work "spongers".
Whether Effenberg''s decision not to join the Blues was swayed by that report in Bild, I have no way of knowing.
But I have got news for both him and Herr Brugelmann. I can criticise Manchester as I''ve lived and worked here all my life.
You, on the other hand, cannot, because you know nothing about the place.
I had the delicious experience of being in Munich last year to watch England slaughter Germany 5-1 in a World Cup qualifier.
Munich isn''t a patch on Manchester. I would rather live in London than live in Munich - and I hate London with a vengeance.
But I didn''t say so at the time because to do so would have been impolite and offensive to the residents of that city.
Or perhaps I just lack the arrogance required to make snap judgements on a city I know very little about.
So take Herr Brugelmann''s advice, Stefan. Go and join a club with ambitions to match your own in a city with no chimneys, no smog and no unemployed "spongers" to offend your eyes.
Try Mars. Try the Moon. Try anywhere. I''m just delighted you didn''t try Manchester. Tweet