Author Topic: Thaksin sells his Manchester City Club to Abu Dhabi (Read 6544 times)

dave the dude · « **on:** September 01, 2008, 05:51:07 PM »

Thaksin sells his Manchester City Club to Abu Dhabi

Fugitive prime minister Thaksin Shinawatra has sold Manchester City to the Abu Dhabi United Group for Development and Investment.

Arabianbusiness online reported that a deal with current owner Thaksin completed on Sunday evening.

The online said Thaksin has helped bankroll a number of big-money transfers in the past but, with his assets currently frozen as he awaits trial in Thailand, doubts have been cast over his long-term future at the club.

The Abu Dhabi United Group will be represented on the club's board by Dr Sulaiman Al Fahim, chief executive of Hydra Properties.

Thaksin will be an honourary president with no administrative power.

"Our goal is very simple - to make Manchester City the biggest clup in the Premier League, and to begin with, to finish in the top four this season."

ADUG will be represented on the new board of Manchester City by Hydra Properties CEO Dr Sulaiman Al Fahim

Al Fahim, who led negotiations, confirmed on Monday the deal had been struck. He said,"We will release details later, but this is a great event for both the club and Abu Dhabi.

"Our goal is very simple - to make Manchester City the biggest club in the Premier League, and to begin with, to finish in the top four this season."

.Al Fahim stressed that the Group will solve all the club problems and clear any pending payments, and will comprehensively support the club by bringing in some of the best football players in the world.

It is understood that negotiations began three weeks ago, and were completed on Sunday night at Emirates Palace Hotel in Dubai.

-- The Nation 2008-09-01

TBWG · « **Reply #1 on:** September 01, 2008, 06:37:20 PM »

Hi Footie lovers

Well that didn't last long in his hands still s'pose he's a bit strapped for cash at the moment what with all his accounts being frozen in Thailand.

Now I know bugger all less 10 about footie but isn't finishing in the top 4 a big ask?

TBWG

dave the dude · « **Reply #2 on:** September 01, 2008, 07:34:39 PM »

Hi TBGW

Yes you are right, especially as the 'transfer window' to buy good players is now closed. Its about as likely as Thaksin coming home to face the music

Dave

p.s. Anyway everyone knows Chelsea are going to win the Premier League

TBWG · « **Reply #3 on:** September 02, 2008, 03:52:59 PM »

I see Man City snuck in under the bar and swiped Robinho from Chelsea at the last moment

Bang goes Chelsea's chances of winning the cup!

TBWG

TBWG · « **Reply #4 on:** September 03, 2008, 02:00:34 AM »

I keep seeing references in the press about Dr Thaksin... is he, was he a doctor? Or is it an honorary title?

TBWG

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