Manchester City have confirmed they are in talks with Abu Dhabi United Group over possible investment in the club.
Reports earlier claimed that the Abu Dhabi United Group Investment and Development Limited (ADUG) had completed a takeover of the Premier League side, but the full details are not clear – Shinawatra wants to maintain a controlling stake in the club and ADUG will most likely be partners, investing in the club and bankrolling operations.
Manchester City’s official statement:
“Manchester City Football Club can confirm that there are discussions ongoing with the Abu Dhabi United Group Investment and Development Limited with regards to investing in the football club.
A further statement will be released by the club when it is appropriate to do so.”
Quotes attributed to Dr Dr Sulaiman Al Fahim, chief executive of Hydra Properties, the expected board representative of ADUG, suggest that City are targeting a top-four finish this season – I find the quote hard to believe, although to be fair if you’re spendling like Tottenham, Villa and Manchester City have you should be gunning for a top-four finish and expecting to be in the top 7 at any rate.
More news as it comes through.