International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
Abu Dhabi has the means to take City to the top
Gulf money has the potential to change England’s footballing order.
September 1, 2008 12:22 by kippreport
Abu Dhabi has never been shy in copying Dubai (international airline, check; European golf championship, check; film festival, check), now it can add ‘pursuit of Premier League Football Club’. As Dubai International Capital continues to chase a controlling stake in Liverpool, reports from the UK say Abu Dhabi has targeted Manchester City.
Though unlike Dubai, it appears Abu Dhabi has made a success of its bid.
Arabian Business says the deal is done. Abu Dhabi United Group for Development and Investment has bought the club from troubled former Prime Minister of Thailand, Dr Thaksin Shinawatra. ADUG says it will “solve all the club problems”, clear pending payments and buy “some of the best football players in the world”.
City fans, best described as ‘long suffering’, will be forgiven for thinking this is exactly what Shinawatra and every new club owner promises. But there is little doubt Abu Dhabi has the clout to back its investment. It has the means to make Roman Abramovich (and Chelsea) look tight.
Now, what price Qatar coming in with a bid for Everton?