page_title: Manchester City F.C. ownership and finances
section_title: Future Eastlands redevelopment - Etihad Campus
hierarchical_section_title: Manchester City F.C. ownership and finances / Future Eastlands redevelopment - Etihad Campus
context_page_description: The Ownership of Manchester City Football Club dates back to 1894, when Ardwick A.F.C. dissolved and were reformed as Manchester City Football Club Ltd. Over recent years, the ownership and finances of Manchester City Football Club have been tumultuous with various owners of contrasting fortunes much in line with their inconsistent trend on the pitch and the club's hierarchy maintain the club is in a period of "significant transformation".
  Since 4 August 2008, the club has been owned by Sheikh Mansour, one of football's wealthiest owners, with an estimated individual net worth of at least £17 billion and a family fortune of at least $1 trillion. Sheikh Mansour bought the club in 2008 for £210 million in a much publicised deal and has since accumulated annual losses of £535 million, excluding approximately £200 million on facility upgrades. However the value of the club has soared tenfold from £210 million in 2008 to over £2 billion in 2018 according to Forbes representing a realistic opportunity of profit on Mansour's investment if he was to sell the club to a willing buyer at the market rate.
context_section_description: In March 2010, the club signed an initial agreement with Manchester City Council and the New East Manchester Agency to explore alternative leisure attraction proposals to replace the doomed Supercasino which was originally planned to be built next to Eastlands. Furthermore the agreement of understanding gave the club permission to build and expand the new facilities it wishes to build.
  In July 2011, it was announced the area where the developments will be built will be called the Etihad Campus. In return Etihad Airways will pay sponsorship to Manchester City F.C. for ten years, and for Manchester City Council who own the stadium, Etihad will create a British hub for Etihad Airways at Manchester Airport creating further jobs and helping to fuel the £600m Manchester Airport City project. When complete, revenue from the Etihad Campus will go towards helping the club meet the new Uefa Financial Fair Play Regulations
caption: Expansion to at least 60,000 would be achieved by adding a third tier to the north and south stands behind the goals[22]
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