Abu Dhabi United Group

Abu Dhabi United Group

This article is about the Abu Dhabi Private Firm. For the Public Firm, see Abu Dhabi Group.

The Abu Dhabi United Group for Development and Investment (ADUG), مجموعة أبوظبي الاتحاد للتنمية والاستثمار,' is a United Arab Emirates (UAE) private equity company owned by Sheikh Mansour bin Zayed Al Nahyan,[1] member of the Abu Dhabi Royal Family and Minister of Presidential Affairs for the UAE.[2][3] The Group was formed as the investment vehicle for the takeover of Manchester City Football Club in 2008.[4]

It was initially thought that Abu Dhabi United Group is a part of Abu Dhabi Investment Authority, a sovereign wealth fund owned by Abu Dhabi. But Abu Dhabi United Group had denied connection to the government of Abu Dhabi.[5] In 2011, Manchester City qualified for the Champions League and won the FA Cup. In 2012, the club won the Premier League, their first league title for forty-four years.

The Group was founded in the summer of 2008, as Sheikh Mansour looked to take over Manchester City Football Club from the former Prime Minister of Thailand Thaksin Shinawatra.[6] The Abu Dhabi United Group was set up in order to convince the football authorities that were 'fit and proper'.

The Group bought Manchester City Football Club, negotiating the deal on 1 September 2008. The deal was struck late on Sunday night between the club’s former owner Thaksin Shinawatra, former Prime Minister of Thailand, and ADUG.[7] The US-educated Sulaiman Al-Fahim was the public face of ADUG during the initial phase of the takeover and is often described as the "Donald Trump of Abu Dhabi".[8] The takeover was completed on 23 September 2008.[9] It was reported that the hierarchy were unhappy with some of Al Fahim's unrealistic statements and he was later relieved of public duties which was given to Khaldoon Al Mubarak who has been chairman of Manchester City since 2008.It was announced that Recently, An agreement has been signed between Malik Riaz of Bahria Town and Nahyan bin Mubarak Al Nahyan of Abu Dhabi group on 15 February 2013 to build the tallest building of the world in Karachi. The agreement worth $45 billion will provide employment to 2.5 million people in Pakistan. Apart from building the world tallest building in Pakistan’s financial hub, Sports City, International City, Media City, Educational and Medical City, Miniatures’ of the world’s seven wonders will also be built as part of this project.Later it was denied by Abu Dhabi group of having any such kind of agreement with Malik Riaz on February 23, 2013 in an advertisement in Express newspaper of Pakistan.[10]

See also