Chairman: Sheikh Mansour has no intention of selling this business | OneFootball

Chairman Khaldoon Al Mubarak says HH Sheikh Mansour is committed to continuing his development of Manchester City.

Women's Team

Chairman: World-class women’s facility is testament to our commitment to the game

Sheikh Mansour has been owner of City since 2008, overseeing a transformation of the Club into one of the biggest in world football.

Whether that’s winning trophies, playing beautiful football, growing the City Football Group or investing in infrastructure, City have consistently improved under the ownership of Sheikh Mansour and the watchful guidance of Al Mubarak.

In his annual end-of-season interview, the Chairman reiterated that all of this work will continue in the years to come.

“There’s no intention to sell,” he said firmly.

“There’s only intention to keep growing this because the view here is this will only grow and this is a beautiful business to own. It’s football and it’s entertainment.

PRE-ORDER OUR ‘10 YEARS WITH PEP’ BOOK

“And in the world we’re in today, while the world changes and people’s attention goes to different things, sport stays.

“And football within sports is the pinnacle. And Manchester City and this Group within the football world is a pinnacle. And these sorts of jewels, you don’t sell.”

Watch video for free with a Cityzens account

Register Sign in

Loading your video

This may take a few seconds. Press play when it’s ready.

Our latest revitalisation project in east Manchester will see Medlock Square open to the public later this year.

An all-encompassing entertainment destination connected between the Etihad Stadium and Co-op Live, the UK’s flagship live entertainment arena, Medlock Square will be home to Manchester’s largest hotel, a new museum and City Store, a covered activation space and a wide range of food and drink options.

That is all topped off by the expansion of the North Stand of the Etihad Stadium, which has officially been renamed in Pep Guardiola’s honour.

An extra 7,000 seats have been installed, creating an imposing stand and taking the stadium’s capacity above 60,000.

The Chairman says it’s rare to see a project of its scale.

“I think in this country there is nothing like it,” he began.

“I will actually take it a bit further. In Europe there is nothing like it in terms of a complete development.

“This one I think is a hybrid because it does that, what I’ve just said, but it also I think adds a lot of value to the city.

“Adding these entertainment venues to the city and allowing our campus, that entire campus, to be used essentially 365 days a year where it’s not just on game day.

“There is going to be the museum, there’s going to be the square with the food and beverage and the new PUMA store over there, the level of activation that’s going to be continuous, the commercial value we’re going to be able to generate in that space, the hotel, the conference facility we have over there, the connectivity to Co-op Live.”

The Chairman emphasised that developments such as this show a sustained long-term approach to the growth of the Club as we seek to remain amongst the global game’s elite and give back to the city we call home.

“Investment generates revenue, generates return. Cost is just a negative on your balance sheet,” he said.

“Everything we do here is we invest, we invest and maybe the profit and loss for that particular year it can be a negative but that’s just a time element.

“Ultimately, it’s about revenue generation. Ultimately, it’s about profit generation.

“And ultimately it stays in the Club because that’s what we’ve done. In 18 years, we’ve not taken a pound of profit outside of the Club.

“What we’ve done for 18 years is invest and invest and invest and grow this Club and grow this Group and grow the assets of this Group to continue to generate value, generate revenue and generate sustainable profit for this operation and add value to the community.

“That’s been our mission, that’s what I think we continue to accomplish.”