Sheikh mansour

MSP said:
Why Always Ste said:
bluemike said:
Yeah, but what about when he gets bored? Etc etc etc

I can't see it.

Call me blinkered but I just feel there's a reason they (ADUG) choose Manchester and I feel the climate (lots of water) plays a factor in this decision.

Of course there is a reason why they choose Manchester and it has heck all with water.

It's the rivalry with one of the most popular clubs on the world that got City/ADUG/Etihad etc.. so much free media coverage it's untrue.

No other club they could eventually choose could come close to that. It was one o the most brilliant business decisions ever. At least in sports/football.
That and Khaldoon said our stadium was a major, major factor.
 
Plenty of articles doing the rounds on the said subject, but these put a bit more meat on the bone and give some financial figures.

He is so going to get bored with City. ;-)

From Reuters.

LONDON — The Abu Dhabi sheikh who helped rescue Barclays as part of the British bank's controversial fundraising during the financial crisis has sold all of his stake.

A regulatory filing last month showed that Sheikh Mansour Bin Zayed Al-Nahyan, owner of English soccer club Manchester City, had sold his 6 percent stake in the bank, but the filing went largely unnoticed.

The stake was worth about 2.4 billion pounds ($3.7 billion) at current market prices.

The holding was always difficult to track, as it was held by a number of vehicles, including PCP Gulf Invest 3, Nexus Capital Investing and Abu Dhabi International United Investments. All of them are ultimately owned by Sheikh Mansour.

The filing said PCP3 sold 758.4 million shares by June 20. Mansour had used complex hedging transactions, and may have been reducing his stake over the last several years while maintaining the voting rights, and the regulatory filing may have marked the expiration of those hedging arrangements.

Barclays declined to comment and Mansour and his companies could not immediately be reached.

Barclays' last annual report said Sheikh Mansour indirectly owned 783.5 million shares — or 6.1 percent of the shares in issue — as of March 4. That included 758.4 million shares held by PCP3 and 25.1 million cash-settled options on shares held by Yas Capital Limited, owned by Mansour.

Abu Dhabi invested alongside Qatar in October 2008, as Barclays fought to avoid a state bailout. The bank successfully raised more than 7 billion pounds, but faced criticism the terms it offered the Middle East investors was too attractive.

Mansour and Qatar appear to have made billions of dollars from the bet, as Barclays shares have climbed from around 179 pence at the time of the deal to 320 pence now.

Mansour bought 2 billion pounds of notes that converted into shares at 153 pence each and received 1.5 billion pounds of warrants on ordinary shares that could be exercised at 198p. He also bought 1.5 billion pounds of instruments that paid 14 percent annual interest and was paid 110 million pounds in fees.

He exercised and sold the warrants in 2010, while keeping most of his shares in the bank.

Barclays is being investigated by Britain's Serious Fraud Office and the financial regulator for the payments made to Qatar as part of the 2008 fundraising. — Reuters

<a class="postlink" href="http://uk.reuters.com/article/2013/07/19/uk-barclays-abudhabi-shares-idUKBRE96I0NF20130719" onclick="window.open(this.href);return false;">http://uk.reuters.com/article/2013/07/1 ... NF20130719</a>
From the FT.

Demonstrating the complicated holding structures employed by Abu Dhabi, the disclosure showed that 758,437,618 shares were “legally owned by PCP Gulf Invest 3 Limited, which is wholly owned by Nexus Capital Investing Limited (NCIL). NCIL is in turn wholly owned by Abu Dhabi International United Investments LLC, which is in turn wholly owned by His Highness Sheikh Mansour Bin Zayed Al Nahyan (HHSM)”.
It is unclear what has happened to the Abu Dhabi stake. There was a 7 per cent slump in Barclays’ share price in the days running up to disclosure of the sale of the shareholding on June 26, suggesting at least some of it may have been placed in the market.
However, bankers said elaborate hedging mechanisms meant a large chunk of the stake’s economic value was already unconnected to Abu Dhabi, minimising the share price impact of the divestment.

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. <a class="postlink" href="http://www.ft.com/cms/s/0/df19e1b6-efcc-11e2-8229-00144feabdc0.html#ixzz2ZWw7lD5h" onclick="window.open(this.href);return false;">http://www.ft.com/cms/s/0/df19e1b6-efcc ... z2ZWw7lD5h</a>
 
Prestwich_Blue said:
Salford_Blue said:
So at the click of a button, he has made back ALL the money spent at City to date, including the new campus as well as making an extra £1bn in the process?

Why oh why oh why oh why do we have such an incompetent owner?
Pah! Peter Swales once rented out 50 tellys in one week.
Mint! :D
 

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