Daniel Slack-Smith's access-all-areas book, Killing the Game, documents 10 years of transformation at Manchester City, which was acquired by Abu Dhabi United Group in September 2008.
While football fans will be familiar with the club’s investment in top players and the titles the first team has won in recent years, perhaps less obvious is the work that has been carried out off the pitch.
Slack-Smith's book provides a detailed account of the parlous state of the club's finances pre-takeover, the radical changes that were required to take the club from Premier League also-rans to three-times champions and the creation of City Football Group, which is now a global network of six football clubs on five continents. Here's 15 key takeaways from Killing the Game:
1 The deal was sealed but there was lots of detail to be worked out
The memorandum of understanding between Thaksin Shinawatra's UK Sports Investments and Abu Dhabi United Group was agreed on August 31, 2008 at the Emirates Palace hotel. Slack-Smith quotes one of the legal team assigned to the deal, who reveals the original memo was just a page and half long. The final agreement, signed in late September, would run to more than 100 pages.
2 City were heading towards financial meltdown prior to the takeover
"Everything was broken", according to former chief executive Garry Cook, who recalls in the book: "In the weeks prior to this transaction, we were on the way to a complete and utter shutdown. We were heading for a massive catastrophe … It was really quite a drastic time."
3 The scale of the job was much greater than the new owners had expected
Chairman Khaldoon Al Mubarak says of the days immediately following the takeover that: "What we imagined was going to be here was very different to what we found when we came here … I imagined there would be a minimum level of quality in terms of infrastructure, processes, systems and strategy. We came here and realised that we were way off. The infrastructure was horrendous. There was no strategy. There was no planning. There were no processes. There were no systems. You were literally building from scratch."
4 Despite this, there was optimism that the situation could be turned around
“There was a familiarity and a spirit of camaraderie that was clearly evident, and I knew we had the resources [and] the foundation ingredients were present for this to succeed,” according to Simon Pearce, board director of Manchester City. During the first season of ownership, the club developed a “fix, build, grow” strategy to set the club on a better path.
5 Mistakes were made
With results still not going City’s way in late 2009, despite significant sums spent on player recruitment, the club ran out of patience with manager Mark Hughes. Rumours of discussions with Roberto Mancini, who would soon take over, began to circulate. Brian Marwood, head of global football at CFG, describes the club’s handling of Hughes’s departure with regret. He says it was “disrespectful to Mark" and his team.
6 There was method to the spend, spend, spend years of 2009 to 2011
Cook says the club’s strategy during this period was to “accelerate” spending in a bid to qualify for the Champions League and compete for honours. Between 2009 and 2011 the club reported losses of £318.7m. Pearce described these two years as “investing aggressively in order to produce a return”. The club qualified for Europe’s top club competition for the first time in 2011.
7 When City first got to Wembley a player gave the pre-match team talk, not the manager
Veteran midfielder Patrick Vieira asked Mancini if he could address the players before City’s crucial FA Cup semi-final against Manchester United in 2011. Vieira, who had already won the cup three times with Arsenal, reminded the players that United were beatable. City won and went on to claim the cup that year, the club’s first trophy for 35 years.
8 When City looked like they may let the title slip from their grip in 2012, the hierarchy worried about the fallout
City needed to win on the final day of the 2011-12 season to claim the title. Trailing by a goal as the clock ticked down, Al Mubarak recalls in the book: “I was actually playing it out in my mind, ‘Okay, what do I need to say? What do I need to do once that referee blows that whistle, to get that team to win the league next year? Because this could go into meltdown’.” In the event, City scored twice in additional time and won the league.
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Read more:
Manchester City celebrate 10-year anniversary with victory over Newcastle
Bernard Halford: Manchester City's Life President on the sweeping changes to club and community since Sheikh Mansour's takeover
Vincent Kompany interview: Abu Dhabi takeover transformed Manchester City overnight
Joleon Lescott interview: Reflecting on Manchester City's 2012 Premier League title triumph
Brian Marwood interview: Next decade is all about global expansion for Manchester City
A decade at Manchester City: 10 key moments since the Sheikh Mansour takeover
_______________
9 The club should have won back-to-back titles
Al Mubarak believes City should have retained the title in 2013, but Mancini’s side put up a meek defence: “The reality is that we were the best team by a mile that season, and we should have won the league comfortably … I think we screwed it up.”
10 The players underestimated how difficult it would be to retain the title in 2013
Club captain Vincent Kompany says the players were “a little bit more relaxed” in pre-season after winning the title in 2012. Football director Txiki Begiristain says “It only takes two per cent, three per cent, or five per cent less intensity in training … that is the difference between being champions, or being fifth.”
11 The club had to stay quiet about who was behind the deal to expand into Australia
Following the establishment of MLS franchise New York City FC, City Football Group sought further expansion beyond the UK and the US into Australia. Keen to tie up a deal for what would become Melbourne City, CFG officials wanted to keep their identities quiet from the club’s owners as “they knew from experience that the mere mention of ‘Manchester City’ or ‘Abu Dhabi’ tended to give wide-eyed sellers unreasonable expectations for the value of their assets.”
12 Melbourne was quite like Manchester
When the deal was done, the new owners found their new Melbourne club was worried about cash flow and performances on the pitch, but there was plenty of goodwill floating around, just like the set of circumstances they found at City in 2008.
13 Sheikh Mansour gave an ex-manager two pieces of fine art when he left the club
14 The chairman used to struggle if results went against City
“In the early years, if we lost any game, I was unbearable,” Al Mubarak says in the book. “If we lose now, I’ll be upset, but within an hour I’m fine … I can handle it in a much less emotional way.”
15 The connections between City and Abu Dhabi have existed for longer than you might think
City great Mike Summerbee, who was part of the 1968 title-winning side, mentions in the book that he first visited Abu Dhabi in 1977 to play an exhibition match, making for a decades-long association between a City favourite and the UAE's capital.
Killing the Game: the inside story behind the transformation of Manchester City and the creation of City Football Group is now available on Amazon
Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
MISSION: IMPOSSIBLE – FINAL RECKONING
Director: Christopher McQuarrie
Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5
The years Ramadan fell in May
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
TOUR RESULTS AND FIXTURES
June 3: NZ Provincial Barbarians 7 Lions 13
June 7: Blues 22 Lions 16
June 10: Crusaders 3 Lions 12
June 13: Highlanders 23 Lions 22
June 17: Maori All Blacks 10 Lions 32
June 20: Chiefs 6 Lions 34
June 24: New Zealand 30 Lions 15
June 27: Hurricanes 31 Lions 31
July 1: New Zealand 21 Lions 24
July 8: New Zealand v Lions
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Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
House-hunting
Top 10 locations for inquiries from US house hunters, according to Rightmove
- Edinburgh, Scotland
- Westminster, London
- Camden, London
- Glasgow, Scotland
- Islington, London
- Kensington and Chelsea, London
- Highlands, Scotland
- Argyll and Bute, Scotland
- Fife, Scotland
- Tower Hamlets, London
The Greatest Royal Rumble card as it stands
50-man Royal Rumble
Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match
Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos
Casket match The Undertaker v Chris Jericho
John Cena v Triple H
Matches to be announced
WWE World Heavyweight Championship, Raw Tag Team Championship, United States Championship and the Cruiserweight Championship are all due to be defended
3%20Body%20Problem
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ZAYED SUSTAINABILITY PRIZE
What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
UAE'S%20YOUNG%20GUNS
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2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
match details
Wales v Hungary
Cardiff City Stadium, kick-off 11.45pm
BUNDESLIGA FIXTURES
Friday (All UAE kick-off times)
Borussia Dortmund v Eintracht Frankfurt (11.30pm)
Saturday
Union Berlin v Bayer Leverkusen (6.30pm)
FA Augsburg v SC Freiburg (6.30pm)
RB Leipzig v Werder Bremen (6.30pm)
SC Paderborn v Hertha Berlin (6.30pm)
Hoffenheim v Wolfsburg (6.30pm)
Fortuna Dusseldorf v Borussia Monchengladbach (9.30pm)
Sunday
Cologne v Bayern Munich (6.30pm)
Mainz v FC Schalke (9pm)
Third Test
Day 3, stumps
India 443-7 (d) & 54-5 (27 ov)
Australia 151
India lead by 346 runs with 5 wickets remaining
Tips for entertaining with ease
· Set the table the night before. It’s a small job but it will make you feel more organised once done.
· As the host, your mood sets the tone. If people arrive to find you red-faced and harried, they’re not going to relax until you do. Take a deep breath and try to exude calm energy.
· Guests tend to turn up thirsty. Fill a big jug with iced water and lemon or lime slices and encourage people to help themselves.
· Have some background music on to help create a bit of ambience and fill any initial lulls in conversations.
· The meal certainly doesn’t need to be ready the moment your guests step through the door, but if there’s a nibble or two that can be passed around it will ward off hunger pangs and buy you a bit more time in the kitchen.
· You absolutely don’t have to make every element of the brunch from scratch. Take inspiration from our ideas for ready-made extras and by all means pick up a store-bought dessert.
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
Killing of Qassem Suleimani
Racecard
5.25pm: Etihad Museum – Maiden (TB) Dh82,500 (Turf) 1,200m
6pm: Al Shindaga Museum – Handicap (TB) Dh87,500 (Dirt) 1,200m
6.35pm: Poet Al Oqaili – Handicap (TB) Dh95,000 (T) 1,400m
7.10pm: Majlis Ghurfat Al Sheif – Handicap (TB) Dh87,500 (D) 1,600m
7.45pm: Hatta – Handicap (TB) Dh95,000 (T) 1,400m
8.20pm: Al Fahidi – Rated Conditions (TB) Dh87,500 (D) 2,200m
8.55pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m
9.30pm: Coins Museum – Rated Conditions (TB) Dh95,000 (D) 1,600m
10.05pm: Al Quoz Creative – Handicap (TB) Dh95,000 (T) 1,000m
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now