THE ASSOCIATED PRESS
MANCHESTER, England — Manchester City is now completely owned by Sheik Mansour, a member of the Abu Dhabi royal family.
“Manchester City can confirm that a transaction involving 10 per cent of the shares of Manchester City Football Club Limited has been completed,” a statement on the club’s website said Wednesday.
“The 10 per cent of shares, previously owned by Worldwide Investments Limited, has now been transferred to ADUG, the wholly owned company of Sheik Mansour bin Zayed Al Nahyan, for an undisclosed sum. As a result of the transaction, Manchester City Football Club is now 100 per cent owned by His Highness Sheik Mansour.”
Since taking control of the club last September, Mansour’s wealth has transformed expectations at the underachieving club. City spent more than 120 million pounds (C$210.8 million) on new players in the off-season in an effort to break into the Premier League’s top four and qualify for the Champions League.