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Arab billionaire Dr Sulaiman al-Fahim pledges £540million for Manchester City players
By Paul Byrne 2/09/2008
The man behind yesterday's sensational takeover of Manchester City has given manager Mark Hughes just three years to win the Champions League.
But billionaire Dr Sulaiman al-Fahim - frontman for a mega-rich Middle East business group - will hand over an astonishing £540million to bring the world's top stars to the under-achieving Premier League club to help achieve the quest.
Sulaiman said in an exclusive interview that he wants to buy 18 new players - at a cost of £30million each.
He added: "I need to meet the manager but the best players in the world average £30million. We need a minimum of 18 players at that level.
"Without that you can't win the Champions League."
Hughes (right) admitted he was "stunned and excited" by news of English football's latest big takeover.
And within hours of agreeing the deal the club was trying to hijack Dimitar Berbatov's £30million move from Spurs to deadly rivals Manchester United.
Sulaiman went on: "Our goal is very simple - to make Manchester City the biggest club in the Premier League.
"We have to spend to get the world's best players . The club has everything it needs except really good players. It has good players but not excellent players who can really compete at the top.
"To compete with Chelsea, Manchester United and Arsenal, you need good support from the board to finance players and support the manager. For this season our aim is to change the club's image and be in the top four. We want to win the Champions League in the near future.
"We have to give that trophy to the fans. I'm hungry for success. I am very excited. It is my dream for our group to own a club like City."
Sulaiman, a 31-year-old married father of three and property tycoon, plans to watch his first game at the City of Manchester Stadium when big-spending Chelsea visit on September 13. He added: "I hope the team play well on that day."
The takeover was greeted with delight by City fans. Kevin Parker, of the official supporters' club, said: "Teams are looking for investors with deep pockets and it appears they have deep pockets.
"In the past 30 years we haven't had any success and we're desperate to win a trophy."
Sulaiman heads the Abu Dhabi United Group for Development and Investment, which has agreed to buy City for £150million from controversial chairman Thaksin Shinawatra. Backed by the Abu Dhabi royal family, the consortium is thought to be worth £120billion.
Sulaiman said: "The UK has the best league in the world and the idea is that Abu Dhabi would like to position itself as a sports and cultural hub."
Ex-Thai prime minister Shinawatra, 59, sold the club just 14 months after taking charge.
He bought City for £80million, but plans to pump in millions more were foiled when almost £1billion of assets were frozen in Thailand. Together with his wife Potjaman, 51, who is on bail after being sentenced to jail for tax fraud, he is in exile in London.
The freezing of his assets has caused City cash huge flow problems in recent weeks.
Now Shinawatra is poised to step down as chairman and take a role as honorary president.
Money will not be a problem for the new owners, based in the United Arab Emirates, which is the world's fifth-largest oil exporter.
Flamboyant Sulaiman will sit on City's board under the deal, which was agreed on Sunday.
The chief of Hydra Properties enjoys the company of film stars such as Demi Moore and Leonardo DiCaprio and has been described as the Arab world's answer to Donald Trump. He also hosts a reality TV show.
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City said officially: "We can confirm a Memorandum of Understanding has been signed between Abu Dhabi United Group and Manchester City FC. A period of due diligence for all parties has now been entered."
Abu Dhabi vs Manchester: Tale of tape
ABU DHABI CITY
Population: 850,000
Climate: Sunny, blue skies, average temp of 40C
Dress: Men - white robes, women - black abba
Alcohol: Forbidden
Favourite dish: Falafel
Pass times: Sand-surfing and golf
Music: Sufi - for a mystical mood
Shopping: The Al Ain camel market
Celebrities: Holiday spot for Pamela Anderson
GREATER MANCHESTER
Population: 2.2million
Climate: Rain, rain and more rain
National dress: Unisex shellsuits
Alcohol: A must
Favourite dish: Hot pot and curry
Pass times: Football
Music: Oasis, The Smiths, Happy Mondays
Shopping: Arndale Centre
Celebrities: Coronation Street cast
http://www.mirror.co.uk/news/top-st...-for-manchester-city-players-115875-20721189/
By Paul Byrne 2/09/2008
The man behind yesterday's sensational takeover of Manchester City has given manager Mark Hughes just three years to win the Champions League.
But billionaire Dr Sulaiman al-Fahim - frontman for a mega-rich Middle East business group - will hand over an astonishing £540million to bring the world's top stars to the under-achieving Premier League club to help achieve the quest.
Sulaiman said in an exclusive interview that he wants to buy 18 new players - at a cost of £30million each.
He added: "I need to meet the manager but the best players in the world average £30million. We need a minimum of 18 players at that level.
"Without that you can't win the Champions League."
Hughes (right) admitted he was "stunned and excited" by news of English football's latest big takeover.
And within hours of agreeing the deal the club was trying to hijack Dimitar Berbatov's £30million move from Spurs to deadly rivals Manchester United.
Sulaiman went on: "Our goal is very simple - to make Manchester City the biggest club in the Premier League.
"We have to spend to get the world's best players . The club has everything it needs except really good players. It has good players but not excellent players who can really compete at the top.
"To compete with Chelsea, Manchester United and Arsenal, you need good support from the board to finance players and support the manager. For this season our aim is to change the club's image and be in the top four. We want to win the Champions League in the near future.
"We have to give that trophy to the fans. I'm hungry for success. I am very excited. It is my dream for our group to own a club like City."
Sulaiman, a 31-year-old married father of three and property tycoon, plans to watch his first game at the City of Manchester Stadium when big-spending Chelsea visit on September 13. He added: "I hope the team play well on that day."
The takeover was greeted with delight by City fans. Kevin Parker, of the official supporters' club, said: "Teams are looking for investors with deep pockets and it appears they have deep pockets.
"In the past 30 years we haven't had any success and we're desperate to win a trophy."
Sulaiman heads the Abu Dhabi United Group for Development and Investment, which has agreed to buy City for £150million from controversial chairman Thaksin Shinawatra. Backed by the Abu Dhabi royal family, the consortium is thought to be worth £120billion.
Sulaiman said: "The UK has the best league in the world and the idea is that Abu Dhabi would like to position itself as a sports and cultural hub."
Ex-Thai prime minister Shinawatra, 59, sold the club just 14 months after taking charge.
He bought City for £80million, but plans to pump in millions more were foiled when almost £1billion of assets were frozen in Thailand. Together with his wife Potjaman, 51, who is on bail after being sentenced to jail for tax fraud, he is in exile in London.
The freezing of his assets has caused City cash huge flow problems in recent weeks.
Now Shinawatra is poised to step down as chairman and take a role as honorary president.
Money will not be a problem for the new owners, based in the United Arab Emirates, which is the world's fifth-largest oil exporter.
Flamboyant Sulaiman will sit on City's board under the deal, which was agreed on Sunday.
The chief of Hydra Properties enjoys the company of film stars such as Demi Moore and Leonardo DiCaprio and has been described as the Arab world's answer to Donald Trump. He also hosts a reality TV show.
Advertisement - article continues below »
Click here to find out more!
City said officially: "We can confirm a Memorandum of Understanding has been signed between Abu Dhabi United Group and Manchester City FC. A period of due diligence for all parties has now been entered."
Abu Dhabi vs Manchester: Tale of tape
ABU DHABI CITY
Population: 850,000
Climate: Sunny, blue skies, average temp of 40C
Dress: Men - white robes, women - black abba
Alcohol: Forbidden
Favourite dish: Falafel
Pass times: Sand-surfing and golf
Music: Sufi - for a mystical mood
Shopping: The Al Ain camel market
Celebrities: Holiday spot for Pamela Anderson
GREATER MANCHESTER
Population: 2.2million
Climate: Rain, rain and more rain
National dress: Unisex shellsuits
Alcohol: A must
Favourite dish: Hot pot and curry
Pass times: Football
Music: Oasis, The Smiths, Happy Mondays
Shopping: Arndale Centre
Celebrities: Coronation Street cast
http://www.mirror.co.uk/news/top-st...-for-manchester-city-players-115875-20721189/