The release of the official accounts for the year to 31 May 2009 showed Sheikh Mansour has invested £395m in the club with £305m of loans now turned into shares. The £92.6m loss was the talk of the papers, but the real concern for the City project lies in UEFA’s upcoming financial rules.
Articles tagged ‘Sheikh Mansour’
Is Mark Hughes the man to make City a top four team and win trophies? (part three)
17th November 2009
Where has Mark Hughes and the best part of a couple of hundred million in transfers got us? Currently we have 20 points after 11 matches. At the same stage two seasons ago under Sven we had 22 points. Ouch!
Sheikh Mansour buys final 10% of City shares
23rd September 2009
The club have announced that Sheikh Mansour has purchased the 10% of the club’s shares that were owned by Worldwide Investments Limited. This was a company indirectly owned by Thaksin Shinawatra and his family. The 10% had previously gone to Worldwide Investments Limited at the time Sheikh Mansour took over.
David Conn writes in The Guardian:
After the takeover Thaksin was widely reported to have retained his interest in the remaining 10% of shares, and appointed as his nominees his long-term associate …