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manchester city

January 7, 2010

While many of the English Premier League’s top football clubs enter 2010 laden with debt, Abu Dhabi’s ruling family has ensured Manchester City is not one of them. The club announced on Tuesday its family owners have converted £305 million of loans into equity before buying shares of just under £90 million, effectively removing a large proportion of the club’s debt.

While many of the English Premier League's top football clubs enter 2010 laden with debt, Abu Dhabi's ruling family has ensured Manchester City is not one of them. The club announced on Tuesday its family owners have converted £305 million of loans into equity before buying shares of just under £90 million, effectively removing a large proportion of the club's debt.

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