Daily News & Analysis of the English Premier League

Breaking News: Middle East Company Buys Manchester City

September 1st, 2008 By The Gaffer --> Comments

adug-buys-manchester-city Breaking News: Middle East Company Buys Manchester CityManchester City officials have confirmed that a Middle East company is in the process of taking over the club from Thai owner Thaksin Shinawatra.

A memorandum of understanding (i.e. a statement of intent) has been signed between between the Abu Dhabi United Group (ADUG) and Manchester City Football Club Limited.

“A period of due diligence for all parties, including the FA Premier League has now been entered,” according to a statement made by Manchester City.

ADUG reportedly paid £200 million to buy Manchester City.


Tags: ADUG · Abu Dhabi United Group · Manchester City · Thaksin Shinawatra

Viewing 3 Comments

Trackbacks

close Reblog this comment
blog comments powered by Disqus







© 2005–2009 EPL Talk — Buy Premier League ShirtsAbout EPL TalkContact UsAdvertisingLinksSitemapPrivacy PolicyRSS