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Page last updated at 17:07 GMT, Wednesday, 17 September 2008 18:07 UK

Man City takeover close - Hughes

Man City's Pairoj Piempongsant and Dr Sulaiman Al-Fahim of ADUG
Manchester City is the latest club to be taken over by foreign investors

Manchester City manager Mark Hughes has revealed the club expect Abu Dhabi United to complete their takeover at Eastlands before the end of the week.

The group, backed by Sheikh Mansour, are in the process of finalising the buy-out from Thaksin Shinawatra.

ADUG's offer was accepted at the start of the month and Hughes says the due diligence process will soon be over.

"I think the takeover will be completed in a matter of days, possibly even by the end of the week," he said.

City have already splashed out a British record fee of 32.5m to secure the services of Robinho, while Hughes can expect a flood of new money to spend in the January transfer window.

606: DEBATE
ADUG is estimated to be worth around 10 more than Chelsea owner Roman Abramovich, who has ploughed over half a billion pounds into the Stamford Bridge side.

And Dr Sulaiman Al-Fahim, the frontman of the group, has vowed to spend "whatever it takes" to make City one of the biggest and best clubs in the world.

City, who face Omonia Nicosia in the Uefa Cup on Thursday, have lost two and won two of their four league games so far this campaign.





see also
Johnson agrees new Man City deal
16 Sep 08 |  Man City
Ownership rules concern FA chief
12 Sep 08 |  Football
Arab group agrees Man City deal
01 Sep 08 |  Man City
Arabian might at Eastlands
02 Sep 08 |  Man City
Usmanov 'no plans on Arsenal bid'
28 Feb 08 |  Business
Caborn seeks ongoing rules review
27 Jun 07 |  Football
US duo complete Anfield takeover
09 Mar 07 |  Liverpool
Lerner agrees takeover of Villa
14 Aug 06 |  Aston Villa
Magnusson switches West Ham role
18 Sep 07 |  West Ham
Magnusson steps down at West Ham
13 Dec 07 |  West Ham
FA neutral on foreign ownership
27 Nov 06 |  Football
Uefa voices club takeover fears
04 Sep 06 |  Football
Gaydamak buys out Pompey chairman
19 Jul 06 |  Portsmouth
Mandaric seals Leicester takeover
13 Feb 07 |  Leicester
Glazer gets 98% of Man Utd shares
28 Jun 05 |  Business
Russian businessman buys Chelsea
02 Jul 03 |  Business


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