Manchester City owner Sheikh Mansour to offer one billion euros for Real Madrid - 7M sport

Manchester City owner Sheikh Mansour to offer one billion euros for Real Madrid

Posted Monday, December 28, 2009 by IMscouting.com

Sheikh Mansour, the owner of Manchester City , has sensationally been linked with a move to buy Real Madrid by Spanish newspaper AS.

The member of the Abu Dhabi royal family has instructed intermediaries to approach Real Madrid president Florentino Perez and a meeting is expected to take place in early 2010.

It was long believed that Spanish clubs such as Real Madrid and Barcelona could not be bought from the fans who own the club.

But, AS points out a statute in the laws governing Real Madrid that open the possibility of "Transformation, merger and extinction of the entity" through a referendum (Article 58) among all share holders.

Reports also suggest that Sheikh Mansour is willing to take on the debts at Real Madrid which would entice many to back the bid.

Sheikh Mansour is the brother of the ruler of Abu Dhabi, he spent over 200 million pounds securing ownership of Manchester City in August 2008.

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