SAT, 8:45AM ET
NEW
LIV
SAT, 11AM ET
CHE
QPR
SAT, 11AM ET
ARS
BUR
SAT, 11AM ET
EVE
SWA
SAT, 11AM ET
HUL
SOU
SAT, 11AM ET
STO
WHU

Middle East Company Buys Manchester City

adug buys manchester city Middle East Company Buys Manchester CityManchester City officials have confirmed that a Middle East company is in the process of taking over the club from Thai owner Thaksin Shinawatra.

A memorandum of understanding (i.e. a statement of intent) has been signed between between the Abu Dhabi United Group (ADUG) and Manchester City Football Club Limited.

“A period of due diligence for all parties, including the FA Premier League has now been entered,” according to a statement made by Manchester City.

ADUG reportedly paid £200 million to buy Manchester City.

About Christopher Harris

Founder and publisher of World Soccer Talk, Christopher Harris is the managing editor of the site. He has been interviewed by The New York Times, The Guardian and several other publications. Plus he has made appearances on NPR, BBC World, CBC, BBC Five Live, talkSPORT and beIN SPORT. Harris, who has lived in Florida since 1984, has supported Swansea City since 1979. He's also an expert on soccer in South Florida, and got engaged during half-time of a MLS game. Harris launched EPL Talk in 2005, which was rebranded as World Soccer Talk in 2013.
View all posts by Christopher Harris →

3 Responses to Middle East Company Buys Manchester City

  1. This is disgraceful. The club has been handed from one despot to potentially another and not living within its means. As a City supporter I hope a Luton/Leeds collapse is not coming. I’d be more comfortable with a British owner who was simply committed to the football club for football purposes and not investment and would have the funds to steer us permanently clear of relegation.

  2. Dominic Mather says:

    Come on Kartik – it has huge benefits for City; the new owners are richer than Abramovich – new Chelski I wonder?

  3. Weston says:

    From what I hear, the new investment group has actually brought Citeh out of debt and based upon their bids for Berbs, Villa and Gomez, they must have some money to throw around.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>