Man City owner Sheikh Mansour takes investment in club past half-billion pound mark
By ANIMonday, October 25, 2010
LONDON - Manchester City owner Sheikh Mansour bin Zayed al-Nahyan’s investment in the club has gone past the half billion pound mark after he injected an additional 80 million pounds into it.
Since buying City in 2009, he has invested over 573 million pounds, The Guardian reports.
According to documents released to Companies House last Monday, Mansour purchased 37,547,169 new shares in the Eastlands club on September 30, each costing him 2.12 million pounds.
It amounted to 79.6 million pounds of fresh investment.
The sum is small change for the Abu Dhabi billionaire, but it raises fresh questions about City’s capacity to meet new regulations coming in to force from next season.
UEFA’s financial fair-play rules require that no club should make an aggregate loss of more than �45m (about 39 million pounds) over the three seasons from 2011-12, or it will face being excluded from European competition.
City is taking steps now apparently in an attempt not to fall foul. (ANI)
