Overseas Investment
In August 2008 the Abu Dhabi United Group purchased the English Premier League club Manchester City, installing Mansour bin Zayed Al Nahyan as owner and Khaldoon Al Mubarak as chairman. With the wealth of the ruling family of the Emirate of Abu Dhabi behind them the club became effectively the richest in the world.
Read more about this topic: Football In The United Arab Emirates
Famous quotes containing the word investment:
“The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that city’s whaling fleets once described the Bible as the best cheap investment a shipowner could make.”
—For the State of Massachusetts, U.S. public relief program (1935-1943)
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