Pablo ZZZ Peroni
Well-Known Member
- Joined
- 19 May 2014
- Messages
- 2,485
Not even UEFA (who have checked our audited accounts for 14 years) have alleged City are "state-owned." This claim by Matt Hughes can be checked on Google within 30 seconds. We are very transparent about our ownership structure. These claims by the Daily Mail fit the perfect definition of fake news. Hughes appears to be a moron who doesn't know the difference between the Abu Dhabi Investment Fund (Sovereign Wealth Fund) and the Abu Dhabi United Group (owned by Sheikh Mansour) Perhaps, like others at the Mail, he has a problem with the ethnicity of our owner. After all "they all look the same don't they."
Matt Hughes: "City are the only club other than Newcastle to benefit from state ownership, with Abu Dhabi's sovereign wealth fund owning 78 per cent."
It frustrates the life out of me when they come out with shit like this but for the sake of accuracy remember 2 things:
i) there are 2 SWFs - Abu Dhabi Investment Authority assets c $820 billion and Mubadala assets c $240 billion.
ii) from July 2021, CFG’s ultimate parent undertaking is Newton Investment and Development LLC, a company registered in Abu Dhabi and also wholly owned by His Highness Sheikh Mansour bin Zayed Al Nahyan - so not a SWF :)
Minority shareholdings in Newton are Silver Lake with 14.54% and China Media Capital with 8.24%