Sheikh Mansour completes Man City buyout

Manchester City’s billionaire owner Sheikh Mansour bin Zayed al-Nahyan on Wednesday completed a 100percent buyout of the English Premier League club.

Through the Abu Dhabi United Group for Development and Investment, Sheikh Mansour gained control of the club from disgraced former Thailand Prime Minister Thaksin Shinawatra last summer.

Shinawatra had kept a 10percent stake but now City have confirmed Mansour has gained control of that as well, giving him unquestioned control.

“As a result of the transaction, Manchester City is now 100percent owned by his highness Sheikh Mansour,” said a club statement.

Sheikh Mansour has already invested huge sums in the club, sanctioning a British record 32.5-million-pound capture of Robinho and spending in excess of 120million pounds on new players this summer.