Abu Dhabi United Group for Development and Investment (ABUG) has bought Manchester City Football Club for an estimated £200million.
Dr Sulaiman Al Fahim will represent ADUG on the new board of Manchester City.
Abu Dhabi Royal Family are behind the company with assets believed to be 10 times that of Chelsea owner Roman Abramovich, who, according to Forbes is worth a mere US$23.5 billion.
Al Fahim, who led negotiations said…
‘Our goal is very simple – to make Manchester City the biggest club in the Premier League, and to begin with, to finish in the top four this season.’
Al Fahim continued…
‘We will adopt marketing plans that reflect positively on the club and the company from investments in all sectors of television marketing and purchasing of the star players, as well as development of infrastructure facilities at the club.’
Manchester City FC is expected to make an official announcement later today.
Just in case you wanted to know what Abu Dhabi looks like.
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