Thu 10 April 2025 11:48, UK
Manchester City’s owners have injected £70million in the form of a new share issue, sources have told Football Insider.
A Companies House submission on Wednesday (9 April) confirmed City Football Group (CFG) – Man City’s parent company – has issued more than 7.9 million A Preference Shares.
Each share was purchased at £8.83, taking the total investment to £70million.
It comes after Man City’s majority owner Sheikh Mansour injected £420million into CFG between June and November last year.
That ensured the vice president of the UAE’s stake in CFG increased to over 80 per cent, while minority investor Silver Lake’s shareholding fell to around 17 per cent.
It is so far unclear which party is behind the latest investment, with Mansour and Silver Lake both holding A Preference Shares.
MORE FOOTBALL INSIDER STORIES
CFG has needed cash in recent years after adding several new teams to its multi-club portfolio.
Alongside Man City, the group now holds stakes in 13 clubs, including five in Europe, four in the Americas, three in Asia and one in Oceania.
Photo by Victoria Haydn/Manchester City FC via Getty ImagesMan City owners have ‘huge’ plans
CFG’s accounts for 2023-24 revealed its losses reached £122.2million, taking its cumulative losses to almost £1billion since it was founded in 2013.
The group recorded a revenue of £933.1million last season as its empire continues to grow.
However, Man City posted a record-breaking revenue of £715million and a pre-tax profit of £74million in 2023-24 as they accounted for the majority of CFG’s turnover.
Finance expert Stefan Borson told Football Insider Man City’s owners have “huge” development plans, which is why their losses remain so high.
The group is spending £300million to expand the Etihad Stadium, while plans are in place for a new stadium in New York.
Premier League table (as of 10/04/2025)Man City signing priority revealed after Premier League blow
Man City have spent more than £2billion on new signings since Mansour completed his takeover in 2008, helping them claim 24 trophies during that time.
However, Pep Guardiola’s side have endured a challenging season as they currently sit sixth in the Premier League table, with the FA Cup their only remaining hope of claiming silverware.
Football Insider revealed on 28 February Man City are prioritising signing a right-back and midfielder this summer as they look to strengthen their squad.
The Premier League champions spent £180million on Abdukodir Khusanov, Omar Marmoush, Vitor Reis and Nico Gonzalez in the January transfer window, but their on-field results have so far failed to improve.
For more Man City and exclusive news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.
Related Posts