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Takeover confirmed
- Thread starter Devonblue
- Start date
cleavers
Moderator
Keith Moon said:Another Doctor, Dr Sulaiman Al Fahim.
We could soon start a hospital...
With Nedum, Bojinov, Mills, Benjani, et al, maybe we already have.
Deek said:I pray that this is good news & a great future for City
Im with you........Only way is up
Petetheblu
Well-Known Member
- Joined
- 10 Sep 2007
- Messages
- 7,319
Keith Moon said:Another Doctor, Dr Sulaiman Al Fahim.
We could soon start a hospital...
Private I hope!! :)
Premier League football club Manchester City has been taken over by the Abu Dhabi United Group for Development and Investment (ABUG), Arabian Business can reveal.
The deal was struck late on Sunday night between the club’s former owner Dr Thaksin Shinawatra, former Prime Minister of Thailand, and ADUG.
ADUG will be represented on the new board of Manchester City by Hydra Properties CEO Dr Sulaiman Al Fahim.
Story continues below ↓
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Al Fahim, who led negotiations, confirmed on Monday the deal had been struck. He told Arabian Business: “We will release details later, but this is a great event for both the club and Abu Dhabi.
"Our goal is very simple – to make Manchester City the biggest club in the Premier League, and to begin with, to finish in the top four this season.â€
Al Fahim stressed that the Group will solve all the club problems and clear any pending payments, and will comprehensively support the club by bringing in some of the best football players in the world.
Manchester City’s future has been uncertain following legal problems faced in Thailand by Shinawatra, who will stay on as honorary president of the club without any administrative responsibilities.
It is understood that negotiations began three weeks ago, and were completed on Sunday night at Emirates Palace Hotel in Dubai.
The deal was signed in the presence of Al Fahim, a member of the Group board and the successful architect of the deal, Shinawatra and Dr Khalid Kadfour Al-Muhairy, the head of the Emirates Group for advocate and legal consultants.
After sealing the deal for one of England's best known and oldest clubs, ABUG hope it will reinforce Abu Dhabi's position as a capital of both sport and economics.
Al Fahim said: "We in Abu Dhabi United Company for Development and Investment are keen to develop ways to provide support and care for various sports activities to help build and develop a new generation of young State, which represents the real wealth and the future of this nation and the cornerstone for building the future of our civilisation.
"As embodied in our mission to open new horizons in all kinds of sports, it will enable them to enjoy healthy body and mind, thanks to the lessons we have learned from the wise leadership in Abu Dhabi."
He added: "We will adopt marketing plans that reflect positively on the club and the company from investments in all sectors of television marketing and purchasing of the stars players, as well as development of infrastructure facilities at the club."
The deal is a huge coup for Al Fahim. Through Hydra Properties he is already involved in several sports sponsorship deals, and is building a new football academy in Abu Dhabi with Italian soccer giants Inter Milan.
Manchester City was founded in 1880 under the name of "Marx Sent" (St. Marks), which was changed to "Pedro" (Ardwick AFC) in 1887. The current name was taken on in 1894.
The club has won the English League Championship twice, the FA Cup four times, the League Cup twice and the European Cup Winners Cup once.
The deal was struck late on Sunday night between the club’s former owner Dr Thaksin Shinawatra, former Prime Minister of Thailand, and ADUG.
ADUG will be represented on the new board of Manchester City by Hydra Properties CEO Dr Sulaiman Al Fahim.
Story continues below ↓
advertisement
Al Fahim, who led negotiations, confirmed on Monday the deal had been struck. He told Arabian Business: “We will release details later, but this is a great event for both the club and Abu Dhabi.
"Our goal is very simple – to make Manchester City the biggest club in the Premier League, and to begin with, to finish in the top four this season.â€
Al Fahim stressed that the Group will solve all the club problems and clear any pending payments, and will comprehensively support the club by bringing in some of the best football players in the world.
Manchester City’s future has been uncertain following legal problems faced in Thailand by Shinawatra, who will stay on as honorary president of the club without any administrative responsibilities.
It is understood that negotiations began three weeks ago, and were completed on Sunday night at Emirates Palace Hotel in Dubai.
The deal was signed in the presence of Al Fahim, a member of the Group board and the successful architect of the deal, Shinawatra and Dr Khalid Kadfour Al-Muhairy, the head of the Emirates Group for advocate and legal consultants.
After sealing the deal for one of England's best known and oldest clubs, ABUG hope it will reinforce Abu Dhabi's position as a capital of both sport and economics.
Al Fahim said: "We in Abu Dhabi United Company for Development and Investment are keen to develop ways to provide support and care for various sports activities to help build and develop a new generation of young State, which represents the real wealth and the future of this nation and the cornerstone for building the future of our civilisation.
"As embodied in our mission to open new horizons in all kinds of sports, it will enable them to enjoy healthy body and mind, thanks to the lessons we have learned from the wise leadership in Abu Dhabi."
He added: "We will adopt marketing plans that reflect positively on the club and the company from investments in all sectors of television marketing and purchasing of the stars players, as well as development of infrastructure facilities at the club."
The deal is a huge coup for Al Fahim. Through Hydra Properties he is already involved in several sports sponsorship deals, and is building a new football academy in Abu Dhabi with Italian soccer giants Inter Milan.
Manchester City was founded in 1880 under the name of "Marx Sent" (St. Marks), which was changed to "Pedro" (Ardwick AFC) in 1887. The current name was taken on in 1894.
The club has won the English League Championship twice, the FA Cup four times, the League Cup twice and the European Cup Winners Cup once.
dr franks accountent
Well-Known Member
dont like the name ov the company its got united init.
Bucharest Blue
Well-Known Member
- Joined
- 1 Jul 2008
- Messages
- 403
these guys are worth 28 billion squid!! abramavich is only worth 11 billion!!!
hahahaha happy days!!!
hahahaha happy days!!!
Bucharest Blue said:these guys are worth 28 billion squid!! abramavich is only worth 11 billion!!!
hahahaha happy days!!!
Fucking hell yes! where did you get that figure from?
Keith Moon
Well-Known Member
dr franks accountent said:dont like the name ov the company its got united init.
Fook, it’s a conspiracy!
dr franks accountent said:dont like the name ov the company its got united init.
yeah thats the first thing i thought