According to Forbes magazine, since the Arab owners bought Manchester City, the value of the club has been increased … 2,000 times. In 2008, Abu Dhabi United Group (ADUG) spent £154 million to acquire the club’s ownership. By 2021, the value of the team soared to nearly 3 billion pounds!
The wave of foreign owners investing heavily in an English club began in 2003 when Roman Abramovich took ownership of Chelsea. At that point, Abramovich had to receive a lot of doubts about his goals. After 18 years, Chelsea has established the status of the most successful English club in Europe over the past 10 years.
When ADUG bought Man City in 2008, they also received similar suspicions. However, their position at this point makes all questions resolved. The Arab owners are steering the Man City ship in the right direction.
What catches all the attention of football lovers is that the Manchester club often spends heavily in the transfer window. However, not many people noticed that the value of the team itself increased sharply under the management of ADUG.
After spending £154 million to acquire Manchester City, ADUG invested an additional £1.3 billion to develop the club’s various categories. By 2021, the value of the team has increased nearly 2,000 times to reach nearly 3 billion pounds.
Man City’s multi-ownership model is unique among the top teams. Because of that, they receive commercial offers that many teams cannot have. Even so, the idea that “football is business” did not receive much support in the UK. Despite the fact that countless businessmen have bought ownership of clubs, the British still believe that owning a team must be based on emotional factors.
The British are more interested when domestic businessmen buy the team they love, and then invest it to bring success. For example, Jack Walker helped Blackburn win the 1992 title, or Dave Whelan helped Wigan win the FA Cup in 2013, they are very popular with English fans. However, if foreign businessmen do the same, they will receive suspicion.
The rapid development of Manchester City will most likely create a new model of how to build a successful team in England.
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