Fidel Posted September 1, 2008 Report Share Posted September 1, 2008 I wonder how the fans feel about "Frank" now? 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. Source Link to comment Share on other sites More sharing options...
Faustian Posted September 1, 2008 Report Share Posted September 1, 2008 Odd that this hasn't appeared on the BBC yet....I guess it will soon. Link to comment Share on other sites More sharing options...
kamui Posted September 1, 2008 Report Share Posted September 1, 2008 I guess BCC is waiting for an official confirmation. They have still some standards, compared to other newsmedia. Link to comment Share on other sites More sharing options...
Mentors Posted September 1, 2008 Report Share Posted September 1, 2008 the fans didn't want Thaksin - so now he sold - so now be happy maybe he needs the money for his political comeback Abu Dhabi group buys Man City from Thaksin A United Arab Emirates business group said Monday it has completed a takeover of Premier League club Manchester City. Abu Dhabi United Group for Development and Investment said in a statement to The Associated Press that it completed the buyout late Sunday with former Thai Prime Minister Thaksin Shinawatra. Financial terms were not immediately available. The group said the deal is a "massive achievement" that it hopes will help make Abu Dhabi a global sports capital. http://www.iht.com/articles/ap/2008/09/01/sports/SOC-Man-City-Takeover.php Link to comment Share on other sites More sharing options...
Flashermac Posted September 1, 2008 Report Share Posted September 1, 2008 Will the players have to bow to the sultan now? Link to comment Share on other sites More sharing options...
kamui Posted September 1, 2008 Report Share Posted September 1, 2008 Will the players have to bow to the sultan now? If they win the next title they will receive 77 virgins. Link to comment Share on other sites More sharing options...
elef Posted September 1, 2008 Report Share Posted September 1, 2008 BBC has it now Link The Times had it an hour ago already Link and this "Manchester City say that negotiations over the sale of the club to the Abu Dhabi United Group for Development and Investment (ADUG) remain "ongoing" despite reports this morning that the deal had been finalised." Link to comment Share on other sites More sharing options...
Ckrisg Posted September 1, 2008 Report Share Posted September 1, 2008 Latest news in UK 6pm, sale has gone through no price disclosed. I think City fans should have no reason to dislike Thaksin he at least gave them some pride back for a short time and he's had the sense to sell up. Rumoured that the new owner is richer than Roman Abramovic. Link to comment Share on other sites More sharing options...
Julian2 Posted September 2, 2008 Report Share Posted September 2, 2008 Will the players have to bow to the sultan now? The WAGs will all have to wear the burka. Link to comment Share on other sites More sharing options...
Flashermac Posted September 2, 2008 Report Share Posted September 2, 2008 No booze sales allowed and only halal food ... Link to comment Share on other sites More sharing options...
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