Sheikh Mansour completes Manchester City buy-out
Wednesday 23 September 2009
Sheikh Mansour has completed a 100% buy-out of Manchester City.
Through the Abu Dhabi United Group for Development and Investment, Sheikh Mansour gained control of the Eastlands outfit from disgraced former Thailand Prime Minister Thaksin Shinawatra last summer.
Shinawatra had kept a 10% stake but now City have confirmed Mansour has gained control of that as well, giving him unquestioned control.
"As a result of the transaction, Manchester City is now 100% owned by his highness Sheikh Mansour," said a club statement.
Sheikh Mansour has already invested huge sums in the club, sanctioning a British record £32.5million capture of Robinho on the day of his buy-out and spending in excess of £120million on new players this summer.
It is thought he is also keen to use land around City's stadium to build a new training facility.
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