ArabianBusiness.com - Middle East Business News
Saturday, 21 November 2009 23:48 UAE time

YOUR DIRECTORY /

| Share |

UAE investor 'ready to make $150mn City offer'

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Tuesday, 26 August 2008
CITY SLICKERS: Arab investors are reportedly interested in buying Manchester City. (Getty Images)
CITY SLICKERS: Arab investors are reportedly interested in buying Manchester City. (Getty Images)

A potential buyer from the UAE is ready to pay around $150 million for a controlling interest in Premier League club Manchester City.

The investors are not from Dubai but one of the other emirates and do not include Dubai International Capital, the suitors of Liverpool FC, according to media reports in the UK on Tuesday.

It is believed the Arab investors had representatives at Manchester City's home match against West Ham United on Sunday, the Manchester Evening News reported.


Story continues below ↓
advertisement

The interest from the Gulf region comes as club owner Thaksin Shinawatra is embroiled in financial problems stemming from corruption charges back in his home nation of Thailand.

Shinawatra also made an appearance at Sunday's game which gives more credence to the view that a deal is on the brink of being brokered.

On Saturday, the club's executive chairman Garry Cook revealed that he had received interest from the UAE, Kuwait and Saudi Arabia from potential investors wanted to buy the club.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST SPORT

  1. Bahrain's Ramzi 'stripped of gold medal' - report
  2. FIA president taking 'charm lessons' - Sir Frank Williams
  3. Abu Dhabi's Aabar takes stake in Brawn F1 team
  4. Top football exec says Qatar World Cup bid 'too early'
  5. Beach Soccer World Cup kicks off in Dubai

TOP MIDDLE EAST BUSINESS STORIES

  1. Dubai replaces head of DIFC
  2. UAE expects to see up to 3% economic growth in 2010
  3. Westwood extends lead after Race to Dubai's Day 3
  4. Abu Dhabi Int’l Airport records 7% growth in Oct
  5. UAE bags communication award

ALSO IN MIDDLE EAST SPORT

  1. Westwood extends lead after Race to Dubai's Day 3
  2. IN PICS: Race to Dubai - Top action from Day 3
  3. Westwood leads Race to Dubai at end of second day
  4. IN PICS: Race to Dubai - Day 1 & 2 action
  5. Allenby, Westwood shine on Day 1 of Race to Dubai

LATEST MIDDLE EAST BUSINESS NEWS

  1. Sport: Westwood extends lead after Race to Dubai's Day 3
  2. Financial Markets: Saudi index down, banks and petchems weigh
  3. Real Estate: Merger technical talks to conclude in a month - Emaar
  4. Banking & Finance: Dubai's Abraaj eyes property investments
  5. Banking & Finance: Emirates NBD launches bank’s new brand identity

SHARE PRICE CHECK

RELATED STORIES

Manchester City FC, England
| 87 stories
  1. Sheikh Mansour falls from top of Football Rich List
    7 Oct '09 | News
  2. Sheikh Mansour now has total control of Man City
    23 Sep '09 | News
  3. Man City sucker punched by late Michael Owen goal
    20 Sep '09 | News

 EMAIL ALERTS

  1. Manchester City FC, England

  2. Sport


Tell us your story

UPCOMING ISSUE


 

READER COMMENTS

  1. UAE announces Eid and National Day holidays 02
    21 Nov ' 09 at 10:22
    Is it any wonder that Emiratis are reluctant to work in the private sector? One day extra and no request for early payment of salaries.   More  »
  2. RTA to lease out last batch of retail outlets available on Red Line 01
    21 Nov ' 09 at 14:10
    What happened of Last Minute and their 28 outlets - one on each station?   More  »
  3. Dubai plans start-up help for expat entrepreneurs 01
    21 Nov ' 09 at 11:37
    this is great news really makes sense, especially since Small & Medium Enterprises actually make UAE. I sincerely hope that this is...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY