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. He is a member of the Abu Dhabi Royal Family. He is also the Minister of Presidential Affairs for the UAE.[1][2] It was first 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. The deal was announced on 1 September 2008. It was made between the club’s former owner Thaksin Shinawatra, former Prime Minister of Thailand, and ADUG.[4]
The American educated Sulaiman Al-Fahim was the public face of ADUG during the beginning of the takeover. He is often called the "Donald Trump of Abu Dhabi".[5] The takeover was completed on 23 September 2008.[6]
References
- ↑ Randall, Colin. Mansour to replace Man City directors (9 September 2008)TheNational.ae. Retrieved 2008-10-01.
- ↑ UAE Federal e-Government Portal - Ministry of Presidential Affairsgovernment.ae. Retrieved 2008-10-01.
- ↑ Montague, James. Manchester City's new owners put national pride before profit. The Guardian (1 September 2008)Guardian Media Group. Retrieved 2008-11-11.
- ↑ Manchester City Takeover (2008-09-02)ArabianBusiness.com. Retrieved 2008-09-02.
- ↑ Austin, Simon. Arabian might at Eastlands (2 September 2008)BBC Sport. Retrieved 2008-10-01.
- ↑ Austin, Simon. Hughes to hold City owner talks. BBC Sport (11 November 2008)BBC. Retrieved 2008-11-11.
