Manchester City chairman Khaldoon Al Mubarak is promising a no-holds-barred response to the Premier League’s charges of alleged financial impropriety once a ruling is handed down.
There has been speculation that findings are finally ready to be delivered by an independent commission over the summer after the most expensive and wide-ranging case in English football history.
City have remained steadfast in maintaining their innocence over more than 115 alleged breaches across eight years, some including the start of the Pep Guardiola era.
In February 2023, the Premier League announced the charges – overinflating sponsorship revenue and breaching player and manager remuneration rules among them – and a hearing finished around 18 months ago.
‘Until we have a ruling, I can’t say much,’ Al Mubarak said. ‘Once we have a ruling, believe me, I’ll say everything I’ve wanted to say for the last three years.’
Khaldoon Al Mubarak, pictured with Pep Guardiola, says he has no plans to sell City
Al Mubarak revealed that City’s owner, Sheikh Mansour, wants to continue moving forward after the decade-long period of dominance under Guardiola came to an end last month. Enzo Maresca is waiting to take over once compensation with Chelsea is agreed.
The City chairman also values the City Football Group, which takes in 12 clubs across the world, at around $10billion (£7.5million).
‘There’s no intention to sell,’ Al Mubarak added. ‘There’s only intention to keep growing this because the view here is this will only grow and this is a beautiful business to own. It’s football and it’s entertainment.
‘Manchester City and this Group within the football world is a pinnacle. And these sorts of jewels, you don’t sell.
‘Over time, new shareholders come in at different value points that show how that value is really growing.
‘Sheikh Mansour took a very important choice which was that the money stays in because we’re going to keep building this. And this went up from $5billion to $6billion, to $7billion, to north of $8billion dollars.
‘If you’re going to sell all this today in the market, you wouldn’t sell it for less than $10billion minimum.’
