English Premier League club Manchester City is reported by the UK press to be in talks with the Abu Dhabi United Group for Development and Investment (Adug) over a takeover deal.
According to the Guardian newspaper, the club has confirmed ongoing talks. "Manchester City can confirm that there are discussions ongoing with the Abu Dhabi United Group Investment and Development Limited with regards to investing in the football club," read a club statement. "A further statement will be released by the club when it is appropriate to do so."
Current owner, Thaksin Shinawatra is reported to have agreed a deal after three weeks of negotiations.
 |
 |
 |
 |
 |
 |
SportBusiness International delivers essential information, analysis and insight into the fast-developing global sports sector every month.
Sign up to receive your FREE trial today - simply click here.
"I consider reading SportBusiness International a must, absolutely essential. I would say that if you work in the business of sport, for a city, a sponsor, or on events, you can learn a lot on how to improve the way you do things."
- Laszlo Szakadati, Director, European Swimming Federation
Click here to get your FREE trial to SportBusiness International today.
