Newspaper article Manchester Evening News

BLUE PLANET! ; Sheikh Mansour Reaffirms Commitment as City Seal Pounds 265m China Deal

Newspaper article Manchester Evening News

BLUE PLANET! ; Sheikh Mansour Reaffirms Commitment as City Seal Pounds 265m China Deal

Article excerpt

SHEIKH Mansour has no plans to pull out of City - club officials have confirmed.

The Blues yesterday announced the sale of 13 per cent of their holding company to Chinese investors.

The Pounds 265m represents a significant return for Mansour, who paid around Pounds 200m for the club in 2008.

But City have dismissed any suggestion that he will look to sell off more - or cash in completely.

A spokesperson said: "This is really significant for our fans - this is not the beginning of the end.

"We have not gone out looking for investors.

There has been interest before and we've not gone down that route. This is a strategic move."

The decision to sell a stake to the Far East consortium China Media Capital (CMC) Holdings was the chance to give City a foothold in one of the most powerful commercial markets in the world. …

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