Abu Dhabi United Group
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 was founded in the summer of 2008, as Sheikh Mansour looked to take over Manchester City Football Club from Thaksin Shinawatra.[4] The Abu Dhabi United Group was set up in order to convince the football authorities that were 'fit and proper'.
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.[5] 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".[6] The takeover was completed on 23 September 2008.[7] He was later relieved of public duties which was given to Khaldoon Al Mubarak.
[edit] See also
[edit] 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. Archived from the original on 4 June 2008. http://web.archive.org/web/20080604163021/http://www.government.ae/gov/en/gov/federal/mpa.jsp. Retrieved 1 October 2008.
- ^ "Manchester City's new owners put national pride before profit". Guardian Media Group. 1 September 2008. http://www.guardian.co.uk/football/2008/sep/01/manchestercity.premierleague1. Retrieved 11 November 2008.
- ^ "Manchester City's new owners put national pride before profit". The Guardian. 1 September 2008. http://www.guardian.co.uk/football/2008/sep/01/manchestercity.premierleague1. Retrieved 2011-09-05.
- ^ "Manchester City Takeover". ArabianBusiness.com. 2 September 2008. http://www.arabianbusiness.com/529580-abu-dhabi-seals-deal-for-manchester-city?ln=en. Retrieved 2 September.[dead link]
- ^ "Arabian might at Eastlands". BBC Sport. 2 September 2008. http://news.bbc.co.uk/sport2/hi/football/teams/m/man_city/7593936.stm. Retrieved 1 October 2008.
- ^ "Hughes to hold City owner talks". bbc.co.uk. 11 November 2008. http://news.bbc.co.uk/sport1/hi/football/teams/m/man_city/7722345.stm. Retrieved 11 November 2008.
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