The reigning champions of the Premier League, Manchester City won their 6th title in the latest season. It is one of the most successful clubs in the league. With a great roster including players like Kevin de Bryune, Phil Foden, Sterling, and Silva, Man City was unstoppable.
The recent signings of Erling Haaland and Julian Alvarez just add up to it. This sky blue squad is managed by one of the greatest managers of all time: Pep Guardiola. The club has a shelf overflowing with trophies and titles. These include a EUFA Cup as well.
However, the club was not this much-decorated from the start. The club had a substantial fall and was even out of the League for three years. However, this all changed when Mansour bin Zayed Al Nahyan took over the club ownership and set things right.
Who owns Manchester City?
Their constant decline resulted from their poor performance in the 1981 FA Cup Final. The club couldn’t recover from this point and even found itself in a position where it can’t even compete in the top-tier league.
After a decade-long drought, the club saw its revival when Sheikh Mansour of the Abu Dhabi United Group took over the club. He gave the club all the financial support to sign better players and afford better managers to lead them. Since then, Manchester City has come a long way, and now is the 6th most valuable club in the world.
The club is estimated to be valued at a whopping $4.25 billion with an operating income of $156 million. This is showcased by the club’s recent signing of Erling Haaland, where the club paid £54.00m to get this young talent into the team.
Why is Man City called the Oil Club?
The anti-supporters of the club label the club as the ‘Oil Club’. This was to mock them for their use of money to climb the ranks and win titles. As we know that the owner of the club is an Emirati politician who is also a billionaire and a member of the ruling family in Abu Dhabi.
Most of the money or the cash flow from Mansour comes from his Oil Business in the Arab Nations. Hence all the signings and money spent by the Club are referred to as oil money. And so comes the title of ‘Oil Club’
Even their home ground is named Etihad Stadium after a sponsorship deal with Etihad Airways which again is an Oil nations firm.
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