December 23, 2024

Manchester City accounts show Sheikh Mansour has put £1.3bn into club

Sheikh Mansour bin Zayed al-Nahyan of the Abu Dhabi ruling family has spent more than £1.3bn directly investing into Manchester City since he took over in 2008, the club’s latest accounts have stated.

That fortune has been in addition to the £150m Mansour is understood to have paid City’s then owner, Thaksin Shinawatra, to buy the club, taking the total spent by Mansour to more than £1.45bn.

During last year, in which the club registered a record £500.5m turnover and a profit of £10m as Pep Guardiola’s team swept to the Premier League title, Mansour nevertheless invested a further £58m in return for new shares.

Roman Abramovich is the only English football club owner whose expenditure comes close to that of Mansour’s; Chelsea’s accounts for 2016-17 put Abramovich’s total investment since 2003 at £1.17bn in loans. That level of billion-pound-plus investment by Mansour and Abramovich is by far more than any other owner has ever spent on an English club.

For more read the full of article at The Guardian

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