flag
back Back
Sheikh Mansour doubles down on Man City commitment with £100m injection AFTER guilty verdict
Sheikh Mansour

Manchester City owner Sheikh Mansour has invested a further £100million into the City Football Group as the club’s appeal rolls on. The eight-time Premier League champions were found guilty of 114 of the 115 Premier League charges levelled at them last month.

They confirmed that they would be lodging an appeal, which will now be heard by another independent commission, and maintain their innocence. While that is ongoing, it appears that Mansour remains keen on pouring the money into the side and his footballing portfolio.

Filings at Companies House have shown that the City Football Group have managed to raise around £100m by issuing 11,327,163 new shares. Mansour’s Newton Investment and Development purchased all of those shares, marginally increasing his majority holding in the company.

The City Football Group are currently valued at just under £6billion, with Man City, Girona, Lommel SK, Troyes and Palermo among their European clubs. New York City, Montevideo City Torque, Bahia, Melbourne City and Shenzhen Peng City round off their portfolio.

Make sure you don't miss sport's biggest stories and breaking news by making the Daily Mirror one of your Google preferred sources.

Mansour has yet to speak out on the charges that City face, albeit CEO Ferran Soriano sent a lengthy message to staff in the aftermath of the guilty verdict.

He said: "This has gone for so long that it is important to remind ourselves that the whole Premier League case against us is based on a single false accusation - that the owners' personal money was somehow and secretly put into the club via some sponsors from Abu Dhabi. This is just not true.

"Irrefutable evidence has been provided to the Premier League commission that shows that it could not happen and that it did not happen. This includes bank statements, money transfers, witnesses and everything necessary to categorically demonstrate that the money did not come from the owner. Every other false charge that has been thrown at us - and aggressively marketed and promoted - comes from the simple, central, and completely false accusation.

Sheikh Mansour
Sheikh Mansour has yet to speak out on the charges City face -Credit:Getty Images

"Surprisingly for us, and for our lawyers, after nearly two years the Premier League Commission has introduced an opinion that supports the Premier League's conspiracy theory. To do so, the opinion had to ignore the extensive evidence provided by the club in order to reach a conclusion that is clearly wrong.

"Our lawyers will now file an appeal that sets out the opinion contains clear material errors of law, principle and fact and it is unsafe. Remember we have been here before. In 2020 we were also wrongly ruled against for many of the same issues. We appealed to an independent body in CAS and we won.

"We will now be relentless in our work. We will focus on the independent appeal process and also all other legal avenues available to us in order to win the case, and we will take all necessary action to protect the club and seek compensation from any party that tries to damage it now, and in the future.”

You may like

Does Michael Carrick have a break clause?

fourfourtwo.com 2 hours ago

Ross Smith rises in ranks and stakes Premier League darts claim as Michael van Gerwen’s place com...

sportbible.com 6 hours ago

Full Carabao Cup schedule for the 8 ties this week plus quarter-final draw

themag.co.uk 3 hours ago

Leeds United fans identify the problem Daniel Farke must solve, or relegation is possible again

leedsunited.news 5 hours ago

Cesc Fabregas changed his mind on who should win Ballon d'Or – and got it very wrong

Mirror 3 hours ago

What time does Players Championship 31 and 32 begin? How to watch latest ProTour in UK, US and Au...

dartsnews.com 2 hours ago

Gary Neville Calls Out Man Utd Stars After What He Knows Behind the Scenes

givemesport.com 6 hours ago

Sunderland retain Geny Catamo interest; Newcastle, Leeds, Everton join the race

getfootballnewsfrance.com 4 hours ago