‘Man City owners reap dividends after Man United deal agreed’
Manchester City’s owners have landed a seven-figure payout after a Manchester United deal has been agreed.
Man City are owned by City Football Group (CFG), which was established in 2013 and is majority-owned by Sheikh Mansour.
CFG has added several new teams to its multi-club portfolio in recent years.
Alongside Man City, the group now holds stakes in 13 clubs, including five in Europe, four in the Americas, three in Asia and one in Oceania.
One of those clubs is Troyes, with CFG purchasing a majority stake in the French side in 2020.
That was just a year after the now Ligue 2 outfit sold Bryan Mbeumo to Brentford in a £5.8million deal in 2019.
The 25-year-old registered 12 goals and four assists in 46 appearances for Troyes after coming through the club’s ranks.
Mbeumo went on to be a huge success for Brentford over the past six years after helping them achieve promotion to the Premier League and consolidate their place in the top flight.
The Cameroon international registered 20 goals and nine assists in 42 appearances last season, taking his overall tally with the Bees to 70 strikes and 51 assists in 242 outings.
Man City owners land £8m windfall
Mbeumo has now signed for Man United following weeks of negotiations between Brentford and Old Trafford chiefs.
Ruben Amorim’s side have agreed to pay the Bees an initial £65million, with up to £6million in add-ons included in the deal.
Mbeumo has become United’s second big-money signing of the summer after Matheus Cunha completed his £62.5million move from Wolves last month.
French newspaper L’Est Éclair reported on 22 July Troyes are set for a financial boost following Mbeumo’s move to Old Trafford, having inserted multiple clauses into the deal that saw him join Brentford.
It said Troyes will receive €9.4million (£8.1million), which includes €7.4million (£6.4million) as part of their sell-on clause and €2million (£1.7million) in training compensation and solidarity payments.
Man City owners have ‘huge’ plans
Man City’s ownership group has needed multiple cash injections in recent years to manage its multi-club portfolio.
CFG’s latest published accounts for 2023-24 revealed its losses reached £122.2million, taking its cumulative losses to almost £1billion since it was founded in 2013.
Meanwhile, the group recorded a revenue of £933.1million in 2023-24 as its empire continues to grow.
However, Man City posted a record-breaking revenue of £715million and a pre-tax profit of £74million in 2023-24 as they accounted for the majority of CFG’s turnover.
Finance expert Stefan Borson told Football Insider Man City’s owners have “huge” development plans, which is why their losses remain so high.
The group is spending £300million to expand the Etihad Stadium, while plans are in place for a new stadium in New York.
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