He has the Golden touch
An Abu Dhabi sheikh who helped Barclays avoid a government bailout at the height of the financial crisis has sold his stake in the bank, it has emerged.
Sheikh Mansour bin Zayed Al Nahyan - the owner of Manchester City football club, who pumped £3.5 billion into Barclays as part of a wider capital-raising by the bank to shore up its balance sheet in 2008 - sold his 7 per cent stake last month.
The move will have generated a hefty profit for the Middle Eastern investor, given that the lender's share price has rocketed by more than 60 per cent since the deal in October 2008.
An Abu Dhabi sheikh who helped Barclays avoid a government bailout at the height of the financial crisis has sold his stake in the bank, it has emerged.
Sheikh Mansour bin Zayed Al Nahyan - the owner of Manchester City football club, who pumped £3.5 billion into Barclays as part of a wider capital-raising by the bank to shore up its balance sheet in 2008 - sold his 7 per cent stake last month.
The move will have generated a hefty profit for the Middle Eastern investor, given that the lender's share price has rocketed by more than 60 per cent since the deal in October 2008.