Manchester City football club is one of the biggest clubs in England. The club has risen to glory thanks to its billionaire owner Sheikh Mansour who have continuously pumped money into the multi-billion entity. The football industry is one of the most lucrative in the world, attracting massive returns to the owners. Today, we shall discuss more on the billionaires who own this club. Take a look.
Name of the rightful owner
City football group is an Abu-Dhabi-based group that owners the Manchester City football club.
Who owns the Majority Shares?
The majority owner remains Sheikh Mansour bin Zayed al-Nahyan, a member of the Abu Dhabi ruling family.
Personal Details of Sheikh Mansour Bin Zayed Al-Nahyan
Sheikh Mansour is the current minister of the presidential affairs of the United Arab Emirates. He is a member of the Abu Dhabi ruling family. He is also the deputy prime minister of the United Arab Emirates, a billionaire, and a renowned politician. He is currently aged 50 years, having been born on the 20th of November in the year 1970. He is the founder and the highest shareholder of the City Football group.
Sheikh Mansour Source of Wealth
With an estimated net worth of $22 billion, Mansour oversees a lucrative business portfolio as head of Aabar Investments, which includes a 32% stake in Virgin Galactic and a 9.1% stake in Daimler. He also expanded his wealth in 2008 after purchasing Manchester City Football Club.
Other clubs and Businesses owned by the City Football group
Last year, the City Football Group bought a 65% stake in Mumbai City FC, a major move into Indian football that was just one sign of its global ambitions. It is reportedly said that the CFG has stakes in 10 clubs around the world. Two years ago, CFG sold a 10% stake in itself to US private equity house Silver Lake Partners in a deal that valued the overall company at $4.8 billion.
The city football group that owns the Manchester City football club is said to have an eye on the Major league soccer franchise New York City Fc.
COVID 19 LOSSES:
CFG saw revenues for the year to June down 14% to £544 million due to lower ticket and broadcast revenue. It made a loss of £205 million.
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