Shinawatra to bring in Abu Dhabi United Group as investors
Manchester City have confirmed they are in talks with Abu Dhabi United Group over possible investment in the club.
Reports earlier claimed that the Abu Dhabi United Group Investment and Development Limited (ADUG) had completed a takeover of the Premier League side, but the full details are not clear – Shinawatra wants to maintain a controlling stake in the club and ADUG will most likely be partners, investing in the club and bankrolling operations.
Manchester City’s official statement:
“Manchester City Football Club can confirm that there are discussions ongoing with the Abu Dhabi United Group Investment and Development Limited with regards to investing in the football club.
A further statement will be released by the club when it is appropriate to do so.”
Quotes attributed to Dr Dr Sulaiman Al Fahim, chief executive of Hydra Properties, the expected board representative of ADUG, suggest that City are targeting a top-four finish this season – I find the quote hard to believe, although to be fair if you’re spendling like Tottenham, Villa and Manchester City have you should be gunning for a top-four finish and expecting to be in the top 7 at any rate.
More news as it comes through.
Topics: English Premier League, Features, Manchester City
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It is funny how everybody hit out at you when you did that ‘joke article’ about the five reasons Man City fans should be unhappy with Shinawatra. Now he sells them after experiencing financial troubles… irony… gotta love it.
September 1st, 2008 @ 13:25i give it a day before the ‘can city qualify for the CL’ articles start doing the rounds…
September 1st, 2008 @ 16:58Man City are now the richest club in the world and DIC are a bigger business than the one that bought city so why the fuck havent they bought us yet!!
September 1st, 2008 @ 18:17Because your owners are greedy fuckwits?
I’m sorry, that’s not polite. They’re just fuckwits…
September 1st, 2008 @ 18:54dont apologise if you told me you stabbed them and shipped them back to America i would grant you hero status!
September 1st, 2008 @ 19:07Hey, when Glazer was buying United, the price of Dubai was also interested. Our reserves would have been playing home games at Anfield if it had turned out that way (see, he is the richest man in the world)… instead we struggle to match City’s offer for Dimi.
September 1st, 2008 @ 19:52…so don’t complain
September 1st, 2008 @ 19:52Get Robinho in…
September 1st, 2008 @ 22:22as a manchester city fan this is pleasing yet at the same time deluding for english football … just like chelsea
September 1st, 2008 @ 22:38A transer cap would make things much better looking City could still compete with the top four then
September 1st, 2008 @ 23:00Forget all the transfer news….this is HUGE. These guys have deeper pockets than evem RA and have already shown that they fully intend to spend and buy success.
September 2nd, 2008 @ 05:42I guarantee that City will join the elite in the next 2 seasons.
With Benitez buying nothing but 2nd rate players and Wenger refusing to spend the writing is on the wall.
A top 3 is just around the corner: Utd, City and Chelsea.
Have worked for the UAE Royal Family, and they are polite and friendly and very switched on . City will only benefit . I’m sure my team Chelsea will not have its own way from next season. Good luck City
September 5th, 2008 @ 13:57