The Abu Dhabi United Group for Development and Investment (ADUG) is a United Arab Emirates (UAE) private equity company owned by Sheikh Mansour bin Zayed Al Nahyan, Member of the Abu Dhabi Royal Family and Minister of Presidential Affairs for the UAE.[1][2] It was initially thought that Abu Dhabi United Group is a part of Abu Dhabi Investment Authority, a sovereign wealth fund owned by Abu Dhabi. But Abu Dhabi United Group had denied connection to the government of Abu Dhabi.[3]
The Group bought Manchester City Football Club, negotiating the deal on 1 September 2008. The deal was struck late on Sunday night between the club’s former owner Thaksin Shinawatra, former Prime Minister of Thailand, and ADUG.[4]
The US-educated Sulaiman Al-Fahim was the public face of ADUG during the initial phase of the takeover and is often described as the "Donald Trump of Abu Dhabi".[5] The takeover was completed on 23 September 2008.[6]
See also
References
- ^ Randall, Colin (9 September 2008). "Mansour to replace Man City directors". TheNational.ae. http://www.thenational.ae/article/20080909/NATIONAL/292369537/1040&profile=1040. Retrieved 2008-10-01.
- ^ "UAE Federal e-Government Portal - Ministry of Presidential Affairs". government.ae. http://www.government.ae/gov/en/gov/federal/mpa.jsp. Retrieved 2008-10-01.
- ^ Montague, James (1 September 2008). "Manchester City's new owners put national pride before profit". The Guardian. Guardian Media Group. http://www.guardian.co.uk/football/2008/sep/01/manchestercity.premierleague1. Retrieved 2008-11-11.
- ^ "Manchester City Takeover". ArabianBusiness.com. 2008-09-02. http://www.arabianbusiness.com/529580-abu-dhabi-seals-deal-for-manchester-city?ln=en. Retrieved 2008-09-02.
- ^ Austin, Simon (2 September 2008). "Arabian might at Eastlands". BBC Sport. http://news.bbc.co.uk/sport2/hi/football/teams/m/man_city/7593936.stm. Retrieved 2008-10-01.
- ^ Austin, Simon (11 November 2008). "Hughes to hold City owner talks". BBC Sport. BBC. http://news.bbc.co.uk/sport1/hi/football/teams/m/man_city/7722345.stm. Retrieved 2008-11-11.
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