The story makes outlandish claims that the East Manchester development involved selling off council-owned land cheaply but swathes of the area were not even owned by the council. Most of the site was literally worthless because of chemical pollution.
It also claims there is no evidence of the council getting any income. But tens of thousands of jobs and hundreds of new businesses (perhaps thousands of new businesses) have opened in the area, especially Ancoats. They would not be there if it wasn't for the East Manchester regeneration which was sparked by the partnership. The new arena is creating 3,444 construction jobs and at least 850 long-term jobs and will attract up to one million visitors a year to the city, most of whom will stay in local hotels.
The article is a disgrace. You can't criticise the land deal itself and not mention the huge benefits to Manchester over the last 10 years. I saw one report which said the success of MCFC in just one season (2018/19) brought benefits to the local economy of at least £220m. If that's true then the Sheikh Mansour partnership has brought billions to Manchester most of it from external investment and not public money.