A Chinese group is planning is to buy Manchester City from its Abu Dhabi owners. This is coming after the group have gotten 13% share of the club in 2015 from City Football Group, which owns Manchester City. The deal was worth £265m then and with hope of increasing their stake at the club, it is likely they are back this winter.
The Chinese group, Chinese consortium, CMC, bought 13% stake and values CFG at $3bn. The City chairman, Khaldoon al-Mubarak, said the move will “leverage the incredible potential that exists in China”. So, if this happened in 2015, there is still certainty that there could be a business done this winter again between both groups.
If we recall, Abu Dhabi investors bought Manchester City in 2008 from Thaksin Shinawatra, the former Thai prime minister. This was a deal that brought about the high investment of Arab-oil money into European football. Starting from the premier league shows intent then.
The acquisition was reported to have cost them just around £200m. This was a club that was bought a year earlier for £81.6m. The Abu Dhabi group have gone on to invest massively in the club and also purchased other football franchise across the world. This include New York City FC, a start-up Major League Soccer franchise, and Melbourne City FC, of Australia’s A-League, plus it retains a minority shareholding in Yokohama F Marinos of the Japanese J-League.
Selling 13% of the club was not more of the financial bargain but more of expanding to other part of the world. The possible deal which seems imminent between the Chinese group and Abu Dhabi owners will further expand City’s popularity across that part of the world. This is a win-win for both parties. Manchester City have become a force to reckon with in England which was not the case a decade ago.
From the footballing point of view, City’s decision to invest massively in their squad and also in the youth system has strategically positioned them to be a club to be wary of going forward. Having Pep Guadiola and other former Barcelona executives that brought about the Spanish club success in the last decade implies the real business City are doing. It is only logical to want to be part of such success story.
City owner also have a good deal if they do business with the Chinese group as it put them in pole position to break the jinx of Manchester United as the best club in terms of financial power. City currently are only in the top 10 list of the most marketable clubs in the world. China and Asia as a whole is a good market to capture as rival club, Manchester United is the most renowned club in America.
Latest report shows that a deal could be imminent this winter but nothing concrete yet has been agreed. With the broadcasting rights of the premier league to be renewed next year, it will be interesting to see what deals City are able to agree before then as their worth is said to skyrocket after that.
On the other hand, Man City are schedule to be playing Burnley at Saturday, and top sport betting sites are all willing to offer the best odds to all football lovers in order to reward them for their passions.
On the other hand, Manchester City are schedule to be playing Liverpool on Sunday. And Etihad outfit might have to do all it takes to win the game if they will have to destroy the record of nothing defeating the Red at the Anfield Stadium since 2010.