Manchester City F.C. ownership and finances
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Manchester City Football Club dates back to 1894, when Ardwick A.F.C. dissolved and was reformed as Manchester City Football Club Ltd. Over recent years, the state of ownership and finances of Manchester City Football Club has been tumultuous, featuring various owners of contrasting fortunes, in line with the club's inconsistent trend on the pitch. The club is currently owned by the City Football Group (CFG), a holding company with the majority stake owned by the Abu Dhabi United Group. A smaller consortium of owners from the United States and China collectively owns 24%.
Since 4 August 2008, the club has been majority owned by Sheikh Mansour, one of football's wealthiest owners, who has an estimated individual net worth of at least £17 billion and a family fortune of about $1 trillion. Mansour is the current vice president and deputy prime minister of the United Arab Emirates, as well as the member of the ruling Al Nahyan family.[1] The CITIC Group, which acquired a 13.79% stake of the club's parent company, the CFG, for £265 million in 2015, valued it at $3 billion.[2]