Not a bad investment

[Paul68]

Seems like the Sheik knows what he's doing

Man City value

If link does not work

Sheikh Mansour has no intention of selling Manchester City, according to chairman Khaldoon Al Mubarak.

And Al Mubarak declared that the City Football Group, which includes 11 clubs, is worth at least $10bn now, from an initial value of around $100m when Sheikh Mansour, a member of the Abu Dhabi royal family, bought the English club in 2008.
City have spent heavily on transfers and wages in the last 18 years but have also won – including eight Premier League titles, three trebles and the 2023 Champions League – and Al Mubarak argued they have invested with a purpose.

He said: “Sheikh Mansour, when he looks at this club, he sees it as a long-term investment. Not just Sheikh Mansour. Sheikh Mansour of course and the shareholders who have invested in this club over the years buy into the vision that we’re going to invest in something that’s going to grow in value over time.

“Of course, His Highness has no intention of selling this business, but over time, new shareholders come in at different value points that show how that value is really growing.

“So, this club, when Sheikh Mansour first invested in it, the value was $100-120 million back in 2008. Then over the years we’ve had multiple stop points where the value went from $120 million to $1bn, the value of the group became $1bn. Then it became $2bn, then it became $3bn, then we had investors come in and actually invest in the club at $3bn.

“We continued to grow; we continued to grow the value of this business while always keeping the profits and the revenue in the business because that helps to keep growing this value that we’re creating. Then we went up to $5bn and then more money came in, investors buying into this strategy, buying into this value creation and putting money into it.

“And again, Sheikh Mansour took a very important choice which was that the money stays in because we’re going to keep building this. And this went up from $5bn to $6bn, to $7bn, to north of $8bn dollars. If you’re going to sell all this today in the market, you wouldn’t sell it for less than $10bn minimum. That’s value creation.”

The American fund Silver Lake paid $500m for a stake in CFG in 2019 and now has an 18 percent shareholding, while the Abu Dhabi United Group holds 81 percent.

Besides Manchester City, CFG own all of Melbourne City, Montevideo City Torque and Troyes, almost all of Lommel, Bahia and Palermo, a majority stake in New York City FC and minority stakes in Girona, Yokohoma F Marinos and Shenzhen Peng City. They also have several partner clubs.

[CBEM]

I have to admit the talk of investments and all the money made leaves me a bit cold, now if they halved the cost of season tickets and stopped charging so much in the club shop I may consider congratulating them on their further wealth acquisitions.

[failsworthblue]

I have not posted on here for a very long time , but my view has never changed.

We have the best owners in World Football.

[Bluemoon4610]

I have to admit the talk of investments and all the money made leaves me a bit cold, now if they halved the cost of season tickets and stopped charging so much in the club shop I may consider congratulating them on their further wealth acquisitions.

They haven't really made any money, as all profits have been reinvested into the business. They've just increased the value of the product they purchased through shrewd investment in the infrastructure and playing staff, allowing City and the other clubs to be more successful than they previously were. The only way they'd make a "take home" profit would be to rape and pillage the club(s) they own, the way the Glazers do with that shower from Trafford. Or sell the clubs, which they have no desire to do.
Oh, and my season ticket cost has just about halved for next season...but only cos I'm now officially an old knacker!!

[ruralblue]

I think he knows the outcome. There's just something in him when he's asked.

Feels so good having him at the helm, he as such a reassuring aura and manner.

[john@staustell]

Where's Lommel? New one on me

[patrickblue]

I rather like the bit he said in that speech that wasn't in the posted article.

It's in this one

https://www.mirror.co.uk/sport/football/man-city-chairman-takeover-charges-37252507?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook#Echobox=1780661617

This bit

Al-Mubarak, meanwhile, has vowed to break his silence once the verdict is announced regarding the hearing into the 115 charges City allegedly broke Premier League spending rules.

He added: "Let me be as consistent as I've always been. Until we have a ruling, I can't say much. Once we have a ruling, believe me, we're going to have a wonderful sit down together and I'll say everything I've wanted to say for the last three years."

Firstly, it sounds very much like a man who knows what the outcome will be, and secondly it sounds like he's going to name names.

[CTID Hants]

I rather like the bit he said in that speech that wasn't in the posted article.

It's in this one

https://www.mirror.co.uk/sport/football/man-city-chairman-takeover-charges-37252507?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook#Echobox=1780661617

This bit

Al-Mubarak, meanwhile, has vowed to break his silence once the verdict is announced regarding the hearing into the 115 charges City allegedly broke Premier League spending rules.

He added: "Let me be as consistent as I've always been. Until we have a ruling, I can't say much. Once we have a ruling, believe me, we're going to have a wonderful sit down together and I'll say everything I've wanted to say for the last three years."

Firstly, it sounds very much like a man who knows what the outcome will be, and secondly it sounds like he's going to name names.

I fucking hope he does and we can shove it down the throats of every cunt that has uttered those 3 digits......

Cunt garragher
My biggest current hate is that cunt abanglahor

[nottsblue]

Where's Lommel? New one on me

Belgium

[zuricity]

I rather like the bit he said in that speech that wasn't in the posted article.

It's in this one

https://www.mirror.co.uk/sport/football/man-city-chairman-takeover-charges-37252507?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook#Echobox=1780661617

This bit

Al-Mubarak, meanwhile, has vowed to break his silence once the verdict is announced regarding the hearing into the 115 charges City allegedly broke Premier League spending rules.

He added: "Let me be as consistent as I've always been. Until we have a ruling, I can't say much. Once we have a ruling, believe me, we're going to have a wonderful sit down together and I'll say everything I've wanted to say for the last three years."

Firstly, it sounds very much like a man who knows what the outcome will be, and secondly it sounds like he's going to name names.

I fucking hope he does and we can shove it down the throats of every cunt that has uttered those 3 digits......

Cunt garragher
My biggest current hate is that cunt abanglahor

I bet he's never been to the indian City !



I'll get my coat.

[Im_Spartacus]

It's a dry topic and controversial for football fans, but the acquisition/invest/partial divestment model that underpinned City over the last 18 years will in the future be studied as a model of sustainability, and I honestly think that in time, 20-30 years from now everyone will be wondering why was there ever any fuss around state ownership when very clearly it is a far more sustainable model than the succession of fucking chancers who the PL allowed to pass fit & proper in the past - who are the only fuckers opposed to state ownership because they can't compete with the investment capabilities.

The debt acquired football club model like united is so problematic, and is why the PSR or FFP rules are so fucking laughably transparent in terms of what they setout to achieve.

Abu Dhabi were able to acquire a distressed asset with massive future potential for $200m, then invest around $2bn to acquire/grow the enterprise value over the first 10 years. Once they had doubled/trebled the enterprise value, sell equity tranches to get your original stake back without losing any significant shareholding. Classic sovereign wealth play.....wheras traditional private equity funds may be more likely to use debit instruments to fund the initial acquisition.

In 2015 the chinese consortium invested $400m to acquire 13% - which was essentially the growth capital to go and acquire and invest in the other clubs to make CFG into a 'platform'. From that point on, this injection of capital had the group as largely self-sustainable - and every year roughly the enterprise value has grown by best part of $1bn which shows on Abu Dhabi's balance sheet as a massive profit annually.

This is the reason the 'when the sheikh gets bored' or 'wants his money back' stuff is so laughable - at this stage they could sell a tranche of $1bn a year if they wanted to generate cash either for the group or themselves, and even if they pocketed that $1bn, it costs the club zero.

What it doesn't translate to though, and never should translate to, is subsidy of fans unfortunately. While it's controversial, the valuation of CFG still ultimately relies on 'market value', that means that the clubs seats, kits etc must broadly follow the market. That's a bitter pill for city fans to swallow, but unfortunately is the reality of it.

I still pinch myself for the day we were taken over - even then, we couldn't have dreamed we would be so lucky to be run by people like Khaldoon. What most fans of other clubs don't realise, is that Khaldoon is one of the biggest players at the very top table of business leaders globally, he really is a phenomenon in terms of what he's done more generally for Abu Dhabi govt and Mubadala.

[carl_feedthegoat]

I rather like the bit he said in that speech that wasn't in the posted article.

It's in this one

https://www.mirror.co.uk/sport/football/man-city-chairman-takeover-charges-37252507?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook#Echobox=1780661617

This bit

Al-Mubarak, meanwhile, has vowed to break his silence once the verdict is announced regarding the hearing into the 115 charges City allegedly broke Premier League spending rules.

He added: "Let me be as consistent as I've always been. Until we have a ruling, I can't say much. Once we have a ruling, believe me, we're going to have a wonderful sit down together and I'll say everything I've wanted to say for the last three years."

Firstly, it sounds very much like a man who knows what the outcome will be, and secondly it sounds like he's going to name names.

I fucking hope he does and we can shove it down the throats of every cunt that has uttered those 3 digits......

Cunt garragher
My biggest current hate is that cunt abanglahor

Simon Jordan is worse - that cunts face contorts even more when he mentions Man City.

We live rent free in his ugly head - I hope he trips up when we are found not guilty.