Tuesday, October 26, 2010

Sheikh Mansour takes spending at Manchester City past half-billion mark

Manchester City's owners have injected another £80m into the club, taking Sheikh Mansour bin Zayed al-Nahyan's investment since buying City in 2009 to more than £573m.

According to documents released to Companies House last Monday, Mansour purchased 37,547,169 new shares in the Eastlands club on 30 September, each costing him £2.12. It amounted to £79.6m of fresh investment. The sum is small change for the Abu Dhabi billionaire, but it raises fresh questions about City's capacity to meet new regulations coming in to force from next season.

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