Manchester City Football Club owner, Sheikh Mansour bin Zayed, has said he believes the football team’s manager, Roberto Mancini, is the right man for the job.
Sheikh Mansour, who has spent more than $1.57bn on transforming the British football club since taking it over in 2008, said criticism of the manager is not justified.
“Sometimes I meet a lot of Emirati and Arab brothers in London, and see them criticise the work of Roberto Mancini, but I think that his plans are going on the right path,” Sheikh Mansour told Al Ittihad newspaper.
“We have to ask ourselves where we have been and what Manchester City have become now. To realise that what we have accomplished is great. Hard work is still required but we are all satisfied with what has been achieved, the success and development at this level. However you must have patience.”
The team has its eyes firmly on winning the English Premier League, said Sheikh Mansour.
“We must not forget that our main objective is to win the English Premier League and if we achieve that, then it will have an impact on the team and the club as a whole and will show we can achieve anything,” he said.
City’s spending has dwarfed that of its rivals in recent years. During the fiscal year, it spent more than $235.6m on players like Edin Dzeko, David Silva, Yaya Toure, Mario Balotelli and James Milner.
The club in November announced losses of $307.4m for the 2010-11 financial year, the biggest loss ever posted by an English Premier League club, exceeding the loss posted by Chelsea in 2005.
Despite the losses, chairman Khaldoon Al Mubarak said the club would be “redoubling its efforts” to achieve its ambitions to establish Manchester City as an “internationally competitive" club. And the club's chief financial officer said the figures represented a “bottoming out” of losses before as Man City move to a more “sustainable position”.For all the latest 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.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.