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Man city bought by saudi investment company - Yanks out

PostPosted: Mon Sep 01, 2008 10:40 am
by tubby
Anyone seeing SSN? Man City have just been bought by some group from Abu Dhabi. According to the Anil Bhorul (talking now), they have as much money as Cheslea x 10.

DIC need to get a move on quick.

PostPosted: Mon Sep 01, 2008 10:41 am
by Gerrard30391
Just popped up on Sky Sports.....

Manchester City have been taken over by the Abu Dhabi United Group for Development and Investment, according to reports.

The website for Arabian Business claims that a deal with current owner Thaksin Shinawatra was completed on Sunday evening.

The former Thai prime minister has been looking for new investment in the club, despite taking charge just over 12 months ago.

Shinawatra has helped bankroll a number of big-money transfers in the past but, with his assets currently frozen as he awaits trial in Thailand, doubts have been cast over his long-term future at the club.

Details
The Abu Dhabi United Group will be represented on the club's board by Dr Sulaiman Al Fahim, chief executive of Hydra Properties.

Fahim said: "We will release details later, but this is a great event for both the club and Abu Dhabi.

"Our goal is very simple - to make Manchester City the biggest clup in the Premier League, and to begin with, to finish in the top four this season."

PostPosted: Mon Sep 01, 2008 10:42 am
by Number 9
bavlondon wrote:Anyone seeing SSN? Man City have just been bought by some group from Abu Dhabi. According to the Anil Bhorul (talking now), they have as much money as Cheslea x 10.

DIC need to get a move on quick.

Kinda sickening!They can do it practically over night where as we've been haggled over for ages! :(

PostPosted: Mon Sep 01, 2008 10:44 am
by Gerrard30391
Number 9 wrote:
bavlondon wrote:Anyone seeing SSN? Man City have just been bought by some group from Abu Dhabi. According to the Anil Bhorul (talking now), they have as much money as Cheslea x 10.

DIC need to get a move on quick.

Kinda sickening!They can do it practically over night where as we've been haggled over for ages! :(

The yanks will be around for a while yet!!!

PostPosted: Mon Sep 01, 2008 10:46 am
by tubby
We are struggling to improve whilst all these other teams are steamrolling ahead.

PostPosted: Mon Sep 01, 2008 10:46 am
by Ciggy
Fuck off Yanks.

The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by Abu Dhabi, United Arab Emirates. ADIA has never published how much they have in assets. As a result of this, there is some debate on how much the fund has under control. Accepted estimates have been between $650 billion to approximately $875 billion in assets.[1] On November 26, 2007, ADIA agreed to invest 7.5 Billion dollars in Citigroup, the largest United States Bank. This deal gives ADIA 4.9% of the New York-based bank, making it the largest shareholder, with Prince Alwaleed Bin Talal Al Saud of Kingdom Holding of Saudi Arabia the second-largest shareholder, with 4.3%.

PostPosted: Mon Sep 01, 2008 10:47 am
by Gerrard30391
Is our place in the top four under threat until the yanks leave?

PostPosted: Mon Sep 01, 2008 10:48 am
by tubby
Gerrard30391 wrote:Is our place in the top four under threat until the yanks leave?

I cannot see any other way we will improve until they have left.

PostPosted: Mon Sep 01, 2008 10:55 am
by Gerrard30391
bavlondon wrote:
Gerrard30391 wrote:Is our place in the top four under threat until the yanks leave?

I cannot see any other way we will improve until they have left.

???  :veryangry

PostPosted: Mon Sep 01, 2008 10:55 am
by tubby
Gerrard30391 wrote:
bavlondon wrote:
Gerrard30391 wrote:Is our place in the top four under threat until the yanks leave?

I cannot see any other way we will improve until they have left.

???  :veryangry

What? You dont agree with me? Sorry but thats just the way i see it.

PostPosted: Mon Sep 01, 2008 10:57 am
by burjennio
1 less investor out there 2 buy out the yanks then :(

Also good to see that with so many impoverished and starving people out there these mofos are getting by on $350,000,000,000

had to laugh tho, 1 of the guys on ssn just said "the great thing here is that they're football people"  :D of course they are

PostPosted: Mon Sep 01, 2008 11:00 am
by tubby
This dealwas only around 200Mil. We are a far bigger proposition - 500m so it will take longer but still I cant see any movement.

PostPosted: Mon Sep 01, 2008 11:03 am
by Ciggy
Lets hope DIC get jealous like I am of City :D

PostPosted: Mon Sep 01, 2008 11:03 am
by lakes10
This will Make DIC try again.

Man City are going to be bigger than Man u very soon.

poor man u lol

PostPosted: Mon Sep 01, 2008 11:04 am
by lakes10
Shame DIC dont have the same money as ABDUG