Sheikh Mansour stands by Manchester City with $133.5 million investment after guilty verdict
Manchester City owner Sheikh Mansour has invested a further $133.5 million into the City Football Group as the Premier League leaders appeal its recent guilty verdict on 114 charges
Sheikh Mansour, the owner of Manchester City, has increased his investment in the City Football Group by $133.5 million while the club's appeal of their 114 out of 115 Premier League charges continues. The eight-time Premier League champions were found guilty of the charges last month and have chosen to appeal the verdict. The City Football Group, valued at nearly £6 billion, includes Manchester City, Girona, Lommel SK, Troyes, and Palermo among their European clubs, as well as New York City, Montevideo City Torque, Bahia, Melbourne City, and Shenzhen Peng City.
CEO Ferran Soriano addressed the club's staff after the guilty verdict, emphasizing that the Premier League case against them is based on a single false accusation that the owners' personal money was secretly transferred via sponsors from Abu Dhabi. He stated that irrefutable evidence presented to the Premier League commission disproves this claim and that every other false charge against them stems from the same false accusation.
The club remains committed to the appeal process and will explore all legal avenues to protect itself and seek compensation if necessary.
Written by urgent.news from Yahoo Sports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
