Manchester City May Not Be as Rich as You Thought

“It’s been happening quietly, since for some reason the media don’t seem all that eager to visit the possibility that their original version of the story was full of exaggerations and mistakes, but some of the grandiose claims about the purchase of Manchester City by the Abu Dhabi United Group are finally starting to go up in smoke. For instance: the notion that City’s new owners—usually described as “the investment arm of the Abu Dhabi royal family”—were sitting on $850 billion which they were prepared to pour into the club. This astonishing, not to say newspaper-selling, claim turns out to have been based on a simple misconception.” (Run of Play)

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