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Top facts about Sheikh Mansour Man City's club owner

Sunday29 November 2020 | 14:30
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Sheikh Mansour is the chairman of the ministerial council for services, the Emirates Investment Authority and the Emirates Racing Authority.

Sheikh Mansour sits on the Supreme Petroleum Council and the boards of numerous investment companies including the International Petroleum Investment Company (IPIC) and the Abu Dhabi Investment Council (ADIC).

Mansour also owns stakes in a number of business ventures, including Virgin Galactic and Sky News Arabia. He is also the owner of the privately held Abu Dhabi United Group (ADUG), a specialist investment company that acquired Manchester City Football Club in September 2008, though immediately handed all responsibility and ownership to Khaldoon Al Mubarak and the City Football Group which has overseen a significant transformation at the club since then.

The club have won four top flight league titles for the first time since 1968, City's first Premier League titles. On 21 May 2013, Major League Soccer of the United States announced that its second New York City club, to be called New York City FC, would begin play in the 2015 season and be majority-owned by Mansour in association with brothers Hal and Hank Steinbrenner.

Facts you need to know about Sheik Mansour

If you are eager to know about this rich man’s investment and his life read this article.

Sheikh Mansour biography and education

Mansour was born in the Abu Dhabi emirate on 20 November 1970.

The first fact about Sheikh Mansour

is that he is the fifth son of the Emir of Abu Dhabi Sheikh Zayed bin Sultan Al Nahyan. His mother is Sheikha Fatima bint Mubarak Al Ketbi and he has five full-brothers: Crown Prince Mohammed, Hamdan, Hazza, Tahnoun, and Abdullah. They are known as Bani Fatima or sons of Fatima.  Mansour attended Santa Barbara Community College as an English student in 1989. He is a graduate of United Arab Emirates University where he received a bachelor's degree in international affairs in 1993.

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Sheikh Mansour Political career

In 1997, Mansour bin Zayed was appointed as chairman of the presidential office, which his father Zayed II is the first and by-then president of UAE.

The important fact about Sheikh Mansour

is that after the death of his father, he was appointed by his eldest half-brother, Khalifa II, as first minister of presidential affairs of the United Arab Emirates, which is the merger of the presidential office and presidential court.

He also served in a number of positions in Abu Dhabi to support his brother, Crown Prince Mohammed bin Zayed Al Nahyan.  Sheikh Mansour was appointed as chairman of the ministerial council for services, which is considered a ministerial entity attached to the Cabinet, comprising a number of ministers heading the services departments.

Since 2000

Sheikh Mansour's career

is chaired National Center for Documentation and Research. In 2004 reshuffle, he became minister for presidential affairs. In 2005, he became the deputy chairman of the Abu Dhabi education council (ADEC), chairman of the Emirates Foundation, Abu Dhabi Food Control Authority, and Abu Dhabi Fund for Development. In 2006, he was named the chairman of the Abu Dhabi Judicial Department. In 2007, he was appointed chairman of Khalifa bin Zayed Charity Foundation.

Mansour served as the chairman of First Gulf Bank until 2006, and as a member of the board of trustees of the Zayed charitable and humanitarian foundation. Mansour has established scholarship programs for U.A.E students to study abroad. He is also chairman of the Emirates horse racing authority (EHRA). On 11 May 2009, he was appointed deputy prime minister, retaining his cabinet post of minister of presidential affairs.

Sheikh Mansour and sport

Mansour is an accomplished horse rider and has won a number of endurance racing tournaments held in the Middle East, and is chairman of the Emirates horse racing authority

. The interesting fact about Sheikh Mansour is that

he is a strong supporter of Arabian horse racing and the patron of the annual Zayed International Half Marathon competition in Abu Dhabi.

He is the chairman of the Al Jazira sports company and was a leading figure in Abu Dhabi's successful bid to host the FIFA Club World Cup in 2009 and 2010. The company owns Al Jazira Club, which plays football, volleyball, handball and basketball. The football club won the President's Cup in 2010-2011 and 2011–2012.

In September 2008, Sheikh Mansour acquired Manchester City football club from former Thai Prime Minister Thaksin Shinawatra. By 23 September 2008, the Abu Dhabi United Group, backed by Mansour, completed their takeover negotiations and the ownership was transferred to them.

Sheikh MAnsour also owns the City Football Group, which was founded in 2014 and consists of Manchester City FC, Melbourne City FC, New York City FC, and others. City's ownership was deemed as United Arab Emirates' attempt to "sportswash" its image and as an instrument of foreign policy by several human rights groups, including Amnesty International and Human Rights Watch (HRW).

In 2014, UEFA found that Manchester City breached the Financial Fair Play (FFP) rules. The club was fined £49 million, while £32 million were suspended. Moreover, City's Champions League squad for 2014-15 was reduced to only 21 players. In 2018, the club came under fresh allegations of breach. German newspaper Der Spiegel wrote a four-chapter story highlighting that Mansour neglected FFP rules and bulked up 'sponsorship' deals with his own money.

The Emirati provided £59.5 million of a £67.5 million for an agreement signed with Etihad Airways. The report also revealed a £15 million annual deal with an investment firm Aabar, through an internal email sent by executive Simon Pearce in April 2010. The club refused to comment and called it an attempt to damage their reputation was "organised and clear".

City stated that the emails and documents have been obtained illegally. A book called Can We Have Our Football Back? How the Premier League Is Ruining Football and What We Can Do about It, by John Nicholson reportedly claims that Premier League has corrupted football by turning the sport into a money making business. The alleged 'sport swash' campaign run by Manchester City is among the several scandals mentioned by Nicholson in his book, demanding scrutiny towards them. In May 2019, UEFA opened investigation into Manchester City on allegations that the club misled European soccer's financial regulators.

However, the club still reserved right to appeal to the Court of Arbitration for Sport. In November 2019, the Court of Arbitration for Sport ruled against Manchester City's attempt to block investigation into breach of financial fair play rules. As per the records published by Court of Arbitration, Manchester City in its appeal to block investigation for FFP claimed damages from UEFA. The club claimed that the alleged leaks by Der Spigel were "unlawful" in regards to a possible inquiry.

However, Yves Leterme dismissed the claims calling them "groundless" and "unacceptable in tone" In February 2020,

Manchester City

were banned from the

UEFA

Champions League for two seasons after they were found guilty of violating the financial fair play rule. UEFA in its statement said: "Manchester City Football Club committed serious breaches of the UEFA club licensing and financial fair play regulations."

The adjudicatory chamber also informed that the club overstated its sponsorship revenue and used biased calculating methods for the financial accounts submitted between 2012 and 2016. The club responding to the verdict said that it would now approach the Court of Arbitration for Sport and initiate proceedings as soon as possible.

On July 13, 2020, the CAS cleared Man city of FFP violations, uplifted its 2 year UEFA Champions League ban and reduced its fine to €10million. Yet days later, CAS revealed that Manchester City showed "blatant disregard" to UEFA’s investigation.

However, CAS did not uphold UEFA's claims that the club "on countless occasions refused to answer questions, refused to provide documents, refused to arrange for the attendance of requested persons and - ultimately - it even instructed its own expert witness not to answer specific questions".

Sheikh Mansour Personal life and wife

Another interesting fact about Sheikh Mansour is that Mansour married Sheikha Alia bint Mohammed bin Butti Al Hamed in the mid-1990s. They have one son, Zayed. In 2005, Mansour married Manal bint Mohammed bin Rashid Al Maktoum.

Sheikh Mansour's second wife

is the daughter of Mohammed bin Rashid Al Maktoum ruler of Dubai.

 

Sheikh Mansour and his second wife have two daughters and three sons: Fatima (2006), Mohammed (2007), Hamdan (2011), Latifa (2014) and Rashid (2017) Mansour is the owner of the yacht Topaz.

Sheikh Mansour's children

are six (two girls and four boys).

Sheikh Mansour career

Another important fact about Sheikh Mansour is that Mansour heads IPIC, which owns 71% of Aabar Investments and is used as an investment vehicle. After the 1Malaysia Development Berhad (1MDB) scandal was highlighted and Khadem al-Qubaisi, who was managing IPIC, was arrested in 2016, IPIC was folded into Aabar Investments.

Qubaisi blamed Mansour and the UAE authorities for using him as a scapegoat in the affair. Mansour is the chairman of the Abu Dhabi Judicial Department and Qubaisi is being held in prison without charge. In 2005, he was appointed as a member of the Supreme Petroleum Council.

In the same year he chaired the board of directors of IPIC and became the board member of the Abu Dhabi Investment Authority (ADIA). In 2007, he was appointed chairman of the Emirates Investment Authority, the sovereign wealth fund of UAE.

Mansour has a 32% stake in Virgin Galactic after investing $280 million in the project through Aabar in July 2009. Aabar also has a 9.1% stake in Daimler after purchasing the stake for $2.7 billion in March 2009 and it was reported that Aabar wishes to increase its stake to 15% in August 2010. He owns the Abu Dhabi Media Investment Corporation (ADMIC) which partnered with British Sky Broadcasting to establish Sky News Arabia – a new Arabic-language news channel headquartered in Abu Dhabi. ADMIC also owns the English-language newspaper The National.

Sheikh Mansour Net worth

Sheikh Mansour is chairman of the International Petroleum Investment Company, and also has a stake in Virgin Galactic. He owns the Abu Dhabi Media Investment Corporation which founded Sky News Arabia, and the City Football Group.

Forbes say

Sheikh Mansour's

wealth

is £3,761,240,000 (converted from US Dollars)Sheikh Mansour’s business interests and state wealth have bankrolled unprecedented success for the English Premier League club. He has pumped at least £1.4bn into a club that had finished the previous season and was without a trophy in 32 seasons – helping himself to some of the world’s best footballers and managers while picking up seven major trophies, including three Premier League titles. The success has led to a soaring international reputation for a club once dwarfed by neighbors Manchester United, peaking with the release of Amazon’s All or Nothing: Manchester City documentary series last month.

Despite such an astronomical outlay that has paved the way for other huge investors in the sport at clubs including Paris Saint-Germain, Juventus and RB Leipzig, it is just a fraction of Sheikh

Mansour’s net worth

is estimated to be £17bn  – while his Al Nahyan family fortune is said to be more than $1 trillion (£776bn). But football is by no means the only venture occupying his attention, with Sheikh Mansour’s business interests expanding into space, media and oil.

Sheik Mansour oil and gas investments

Despite his family’s serious wealth, as the 11th of the late UAE founder Sheikh Zayed bin Sultan Al Nahyan’s 19 sons means he has had to beat sibling competition to gain the prominence he enjoys. Having gone to the US to gain a bachelor’s degree in international relations in 1993 – reportedly studying at weekends while his friends left campus to have fun – he is described as “shrewd, hard-working and ambitious”.

A year after graduation, he became chairman of the International Petroleum Investment Company (IPIC), which had been set up by the Abu Dhabi government in 1984 with a mandate to invest globally in energy and related industries. In 2016, it merged with another state-owned vehicle Mubadala Investment Company, which has a broader remit including industries such as real estate and aerospace.

The group now has a portfolio valued at $127.8bn (£99bn), including investments such as San Francisco private aviation companies Xojet, European commercial bank UniCredit and global oil and gas business OMV. It also holds partnerships with blue-chip companies like Shell, Airbus, Rolls-Royce and Siemens.

Sheikh Mansour, who is still credited as heading up IPIC, hit the headlines around the same time as his Man City takeover when he lost millions on a £2.2bn investment in Barclays – only to sell his shares for a £1.46bn profit seven months later. Other investment positions he has held have included membership of the Abu Dhabi National Oil Company, sitting on the board of the Abu Dhabi Investment Authority and being appointed chairman of the Emirates Investment Authority – the sovereign wealth fund of the UAE. He has also served as chairman of First Gulf Bank, Emirates Horse Racing Authority and sports company Al Jazira.

What is Sheikh Mansour City Football Group?

The CFG say they are the owner of "football related businesses in major cities around the world, including football clubs, academies and technical support and marketing companies." It currently owns Manchester City, New York City FC and Melbourne City FC, and has investments in Yokohama F. Marinos in Japan, Club Athletico Torque in Uruguay and Girona FC in Spain. The CFG is owned by the Abu Dhabi United Group (87%) which belongs to Sheikh Mansour, and the China Media Capital Consortium (13%).

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 Backing the first tourist space mission with Virgin Galactic

One of the most exciting companies among

Sheikh Mansour’s business

interests is Virgin Galactic, which he has a 32% stake in after investing $280m in the project through Aabar Investments in July 2009. The project dreamed up by Virgin Group founder Sir Richard Branson plans to provide manned suborbital space flights for tourists at $250,000 a head. Initially, Sir Richard said he hoped to see a maiden flight by the end of 2009 but a launch date has been delayed several times, most recently by the death of a testing co-pilot in 2014. He suggested in October last year that the SpaceShipTwo spacecraft could be ready within six months but tests are still ongoing.

The investment vehicle behind Man City, Sheikh Mansour's Club

The astonishing fact about Sheikh Mansour is the setting up of Abu Dhabi United Group for Development and Investment (ADUG).It was set up as a private equity company by Sheikh Mansour in 2008 to lead the Man City takeover from former Thailand Prime Minister Thaksin Shinawatra.

The public face of the group in the early days was Sulaiman Al-Fahim, a big personality who was described as the “Donald Trump of Abu Dhabi” and had been photographed with Hollywood stars including

Leonardo di Caprio

and

Demi Moore

. Al-Fahim, who ran a property company, made bold statements of intent, including promising to make City “bigger than both

Real Madrid

and Manchester United” at a time when media outlets were still having to explain $1 trillion was a thousand billion dollars.

He followed up his pledge with the purchase of Real Madrid striker Robinho for £32.5m – then a British transfer record fee – on the same day the takeover was finalised. But after becoming a target in the media for his outlandish boasts, Al-Fahim was replaced by the more modest and restrained Khaldoon al-Mubarak, the CEO of state-owned Mubadala Investment Company.

Within City Football Group, the new Melbourne City FC and New York City FC franchises have since been added into the umbrella organisation, with China mooted to be the next focus for investment. Funding hasn’t just been pumped onto the pitch, with about £1bn spent in Manchester within the surrounding area of the Etihad Stadium, mainly in property and higher education, to accelerate regeneration.

In 2014, ADUG signed a ten-year partnership with Manchester City Council to revamp the east side of the city, establishing the Manchester Life Development Company and pledging to build 6,000 affordable homes in the area. It was initially thought ADUG was part of sovereign wealth fund Abu Dhabi Investment Authority but the group has denied a connection to the Abu Dhabi government.

He also owns a £ 400million yacht called Topaz. It is the fifth largest yacht in the world. Much of its wealth comes from its expanding international oil company.

Sheikh Mansour owns 5% of the shares in Ferarri, which he bought in 2005 with the idea of ​​bringing Formula 1 to the United Arab Emirates. He also owns 9.1% of the shares in Daimler AG (owner of Mercedes). He owns a Mercedes SLR-McLaren, a Lamborghini Reventon, a Ferrari Enzo and five Bugatti Veyron, each valued at £ 1.1million.

Mansour and his family own the Emirate Palace which is considered to be the only true 7-star hotel in the world. It has 394 rooms, including 92 suites and 22 residential suites, furnished in gold and marble. In 2016, Mansour purchased a 42,000 m² villa in southwestern Spain called Los Quintos de San Martin. He is the chairman of the Emirates Horse Racing Authority, the boss of Sky News Arabia and sponsor of the annual Zayed Half Marathon.

The fascanating fact about Sheikh Mansour is thart he has two wives

and six children. He married his first wife, Sheikha Alia bint Mohammed bin Butti Al Hamed in the mid-1990s. They had a son together. Mansour then married Manal bint Mohammed bin Rashid Al Maktoum, his second cousin with whom he has two daughters and three sons.

In a statement setting out the main elements of City’s 10-year transformation under the Abu Dhabi ownership – including Guardiola and his team, six clubs around the world, an extensive youth development system and investment in east Manchester – the chairman, Khaldoon al-Mubarak, highlighted the club’s financial stability.

From announcing football’s record loss in 2010-11, £197m, when Mansour’s money was being spent buying players and paying wages which the club’s revenues could not then sustain, the profit for the financial year was the fourth in a row. A rise in City’s commercial income accounted for most of the £27m increase in turnover, as City have extended their sponsorship arrangements beyond Etihad and the other Abu Dhabi and United Arab Emirates sponsors which were the basis of their commercial operations in the first years of Mansour’s ownership.

Manchester City: rating every signing in 10 years of Abu Dhabi ownership

Reflecting that making a profit four years in a row “may well have been rejected as fanciful by some commentators” years ago, Mubarak said: “We have not diverted in any way from our strategy for on-field success within a commercially and financially sustainable organization.

” The annual report does, however, state: “Manchester City football club is reliant on its ultimate parent undertaking, Abu Dhabi United Group Investment and Development Ltd, for its continued financial support.” As evidence of Mansour’s support, the report states that it has amounted to “more than £1.3bn over the last 10 years”.

Robot laboratories will be set up in schools, the curriculum will be overhauled to place innovation at its core and there will be innovation “incubators” for university students and other young people.

In schools, children as young as 5 or 6 will be targeted to identify the scientific talent of the future, Sheikh Mansour bin Zayed.“The secret to what makes a country move forward is innovation,” he said. “It is what defines the future of our young generation, which is why the President, Sheikh Khalifa, declared this year to be the year of innovation.”

The first initiative will be robot laboratories in schools, to focus on the importance of science in innovation. Next comes the development of an innovation-related curriculum, in coordination with the Ministry of Higher Education and Scientific Research, to change how young people think.

“We have to teach them how to learn and research,” Sheikh Mansour said. “All these elements will aim at fostering innovation.”

The third step will make innovation a basic criterion in assessing schools. “This will not only focus on building a curriculum,” Sheikh Mansour said, “but also on building minds – and most importantly, the teacher.”

The fourth initiative will be an annual national exhibition for innovation, with the participation of university students and school pupils, in cooperation with the private sector.

The fifth will establish innovation incubators for university students and other young people, initially supported by the Government until the ideas are concrete and competing on the market.

The sixth step will encourage teachers to discover new talents – the innovators of the future, who could be as young as 5, Sheikh Mansour said.

“We hope to have students who are innovators and programmers in their fifth, sixth or seventh year, so it is important to train the teachers, too, in discovering talents.”

The final initiative will establish training camps, as soon as this summer. “They will be dedicated to innovators and intensive training programmers under experts and specialists,” Sheikh Mansour said.

The experience of South Korea had greatly influenced the Government’s innovation policies, Sheikh Mansour said.

“Korea is among the countries which has innovated the most and supported this sector in education. So the basic principle is that we have students who love research and innovation and they are not just learning by heart.”

South Korea’s remarkable economic growth since “didn’t take place by chance but rather through work, perseverance, effort, focus and opening up new opportunities for innovators”.

As an example of the practical application of innovation, Sheikh Mansour revealed that a medical robot, called the Da Vinci system, was already in service in Sharjah.

“We are proud to say it is now performing surgery in Al Qassimi Hospital under the supervision of an Emirati doctor.”

Dr Arif Al Nouriani, the hospital’s chief executive, said: “We did the first cardiac surgery with the Da Vinci system last November. It will be an alternative to open-heart surgery, which is more invasive.

“This operation costs US$300,000 [Dh1.1m) in the US and only $30,000 here, so it’s also cheaper, and it reduces the risk of infections, too.”

Sheikh Mansour also launched the new post of chief innovation officer in every government institution.

“We’ve signed an agreement with Cambridge University to train 60 chief innovation officers and they are all ready to serve those institutions,” he said.

Other projects include genetically engineered agricultural products.

“Our objective is for everyone to work in the spirit of innovation,” Sheikh Mansour said. “We want to follow this spirit of innovation and the spirit of Sheikh Zayed, who never stopped thinking, innovating, creating and achieving.”Sheikh Mansour is a reliable man for the Manchester for his continued financial support. He provides big money for big projects; besides, he loves innovation and sport, specially football. It seems that his children will support the club too.

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source: SportMob