Sheikh Mansour invests £100m in City Football Group amid legal row

Summarised from 2 outlets · Updated 26 Oct, 17:38 · Archive

Sheikh Mansour has invested a further £100m in City Football Group as Manchester City appeals its Premier League guilty verdict.

Sheikh Mansour has invested a further £100m in City Football Group by purchasing 11,327,163 new shares through his Newton Investment and Development company on 14 October, according to Companies House filings. The investment marginally increases his majority holding in the multi-club ownership group.

The move comes as Manchester City faces the fallout from being found guilty of 114 of 115 Premier League charges relating to financial rule breaches. City chiefs have appealed the verdict, which they describe as 'containing clear material errors of law, principle and fact and is unsafe'. If upheld, the club could face relegation, fines and forced sale by Mansour.

A City Football Group spokesperson described the cash injection as 'equity from our largest shareholder' to be used 'for normal corporate purposes against our strategic plans, funding planned investments into the City Football Group'. The transaction values CFG at £5.9bn. Following the share issue, Mansour owns around 81 per cent of CFG, with US private equity firm Silver Lake holding most of the remainder. CFG operates majority holdings in ten teams globally, including Manchester City, New York City, Girona, Troyes, Palermo and Melbourne City.

How it is being reported

• Sheikh Mansour doubles down on Man City commitment with £100m injection AFTER guilty verdictMan City remain at the heart of a bitter legal battle with the Premier League after being found guilty of a number of financial charges but owner Sheikh Mansour continues to pour his money inMirror Sport · 26 Oct, 17:07
• Sheikh Mansour doubles down on Manchester City with £100m injection despite legal rowSheikh Mansour has reaffirmed his commitment to City Football Group despite Manchester City’s ongoing legal battle with the Premier League by investing a further £100m. Filings at Companies House show that 11,327,163 new shares in CFG were allotted on 14 October, raising the nine-figure sum. A spokesperson for CFG confirmed to City AM that the [...]City AM · 26 Oct, 13:28

In this story: Sheikh Mansour · Manchester City · City Football Group · Premier League · Newton Investment and Development · Silver Lake

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