By Staff writer
Chairman tells club’s TV channel that owner Sheik Mansour remains is as committed as ever
Manchester City chairman Khaldoon Al Mubarak insists the club is ‘consistently profitable’.
City was taken over by the Abu Dhabi United Group, led by Sheikh Mansour, in 2008 and remain under the ownership of the deputy prime minister of the UAE in the form of the City Football Group.
China Media Capital (CMC) paid £265 million ($400 million) for a 13 percent stake in the City Football Group in December, leading to suggestions that the Abu Dhabi Group could scale back their involvement further in the future.
But Mubarak, CEO of Abu Dhabi state-owned investment fund Mubadala, says owner Sheikh Mansour’s dream of financially sustainability is a reality.
"We have made a profit again,” Mubarak told the club’s TV channel City TV. “We are constantly moving in the right direction financially as a club.
"One of the things I'm particularly proud of is that Sheikh Mansour had a view from day one, a dream, that he would invest in a club, he would build value, he would put a lot of commitment to it and that club would be financially sustainable and profitable.
"That dream is still reality right now. It's a reality, it works and today we are a top club in the world. We are financially sustainable and we consistently profitable."sports news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.