hbruz80 said:
Firstly, Mohammed Mubarak Al-Mazrouei is not related to Khaldoon Al-Mubarak. The second name donates the person’s father, they usually put bin (son of) or woman (daughter of), i.e. Sheikh Mansour bin Zayed Al-Nayhan= Sheikh Mansour son of Zayed, but in many cases the bin/woman is just left out. Al-Mazrouei is a big family in Abu Dhabi so although Khaled Al-Mazrouei is a relative I am unsure about how close that relation is. The reason for the bin/woman is because they tend to have large families and tend to use a lot of the same names, therefore without it, it is impossible to determine who is who.
So the format is Title, First Name, (bin/woman) Father's Name, Family Name?
That seems quite logical.
Secondly, Sheikh Mansour has 5 other FULL brothers, one being the Crown Prince General Sheikh Mohammed bin Zayed Al-Nahyan (CP). It is the CP who gives Sheikh Mansour his instructions and no deal will be done in Abu Dhabi without his approval (i.e. there is no way that Sheikh Mansour would have bought City without the nod from his big brother). The current President is Sheikh Mansour’s and the CP’s HALF brother (same father, different mother).
Is the deal a legal thing, or a respect thing? Let's say that current CP becomes President and one of Sheikh Mansour's brothers wanted to buy Liverpool, they would have to pass it by the Crown Prince of Abu Dhabi, or the now President, General Sheikh Mohammed?
Actually, I've heard somewhere that it is unlikely that any other investors would get involved in a Premiership club from UAE, because of some no-compete tradition between the Emirates. Is this accurate or false?
Respect, but that is much more important in the Gulf. Like I said there is no way Sheikh Mansour would have been able to buy a foreign football club without letting anyone know. Premiership football is not the money making machine everyone thinks it is (unless you massively over-leverage aka Rags, Liverpool), so it is unlikely anyone else from the UAE will buy a club. As I am sure you remember Dubai were interested in buying Liverpool through their Sovereign Wealth Fund, Dubai International Capital (just in case you did not know Sheikh Mansour is married to Sheikh Mohammed bin Rashid Al-Maktoum's eldest daughter, as in Sheikh Mansour's father in law is the leader of Dubai, my guess is that is where Sheikh Mansour got the idea from). If someone else buys a football club with the intention of winning silverware (in other words a loss making venture) it will be a Saudi Prince, or someone who has made there money and has nothing better to do with it (Abromovich type owner)
Thirdly, the power structure, is basically, the ruling family Al-Nahyan’s own every major enterprise in Abu Dhabi, therefore all big companies go straight to the top. Obviously, they cannot run all these companies themselves, therefore they have trusted advisers (who are Emirati nationals), Khaldoon Al-Mubarak and Mohammed Mubarak Al Mazrouei being two such people. The big families such as, Al-Mazrouei, Al-Fahim, Al Suwaidi, Al Sayegh etc have known the Royal Family for decades if not longer and have a very close connection to them to this very day. The Ruling Family are also the government, the President runs with the country (UAE), the CP runs the emirate (in this case Abu Dhabi), and the other government positions are given to other members of the Royal Family (e.g. our very own Sheikh Mansour is Minsiter of Presidential Affairs)
So basically, it isn't like the Sheikh and Al Mazrouei are strangers then, their families would have known each other for generations? Out of interest are there any powerful figures in Abu Dhabi that are not part of one of the big families?
Khaldoon Al-Mubarak (aka poster boy for Abu Dhabi), seriously that guy does everything!
Fourthly, the fact that Al-Mazrouei is an engineer by trade is irrelevant, Khaldoon Al-Mubarak started off as a sales-executive at the Abu Dhabi national Oil Company (ADNOC).
I know, I was just providing all the information that I found upon him.
Fifthy, Khaldoon Al-Mubarak by virtue of his positions as CEO of Mubadala (one of the Sovereign Wealth Funds) and chairman of the Executive Affairs Authority reports directly to the CP. He is on the board of pretty much all the major companies in Abu Dhabi and is a very busy man.
Sixthly, as I have written before ADUG was just a special purpose vehicle created to buy City, we are not owned by a company/consortium but by ONE OWNER, Sheikh Mansour who used his private wealth to fund the purchase. Nobody knows how much money he or any of his other 18 brothers have (all the media reports are just guess work and in my humble opinion way off the mark).
Hope that helps.
Would you estimate it up or down? If this is a personal purchase of Sheikh Mansour, are the 'richest club in the world' statements inaccurate? I actually didn't know that about ADUG, I was under the impression that they were part of the ADIA.
ADUG has nothing to do with ADIA, it was made up out of thin air just to fund the purchase of City.
Firstly, nobody has a clue how much any member of any of the Gulf Ruling families actually have, the media have gone on two assumptions. One, that Sheikh Mansour is richer than Abromovich so let us just say he has more than him (the 12-15b estimates you often here quoted as Gospel), and two, that the ENTIRE wealth of Abu Dhabi is backing City (the 500b-1trillion estimates). The first assumption may be true but no one can verify it and the second is ludicrous. If you trust the IMF (which personally I do not) then the value of all the Sovereign Wealth Funds in Abu Dhabi (ADIA, InvestAD, Mubadala [CEO=Khaldoon Al-Mubarak, Chairman=CP], IIPC (Chairman=Shiekh Mansour) + all their oversees investments) is $323b. To say that City have this much money is like saying if Hu Jintao (President of China) bought a club then they have $2.4trillion because that is the amount of China's reserves! The $323b IMF figure or whatever the real amount is, is Abu Dhabi's money and like I said in a previous post if any of that money was spent on City a lot of Emirati's would be very upset (it would be like our tax money being spent on a foreign club like Lazio)!
That helped an awful lot mate, and hopefully you can stick around and answer a few more questions about the structure, and in particularly, any predictions about the role of Al-Mazrouei would be excellent.