Manchester City owner’s £55m housing loan while Burnham was mayor investigated
Source: The Guardian ·
Scrutiny committee looks into financing of Manchester Life project as PM promises ‘full transparency’A £55m loan to Manchester City’s Abu Dhabi owner will be investigated as part of a review into a fund for housing projects while Andy Burnham was mayor.The prime minister has faced weeks of scrutiny over his links to Manchester City’s super-rich owners after the club was found guilty of boosting…
From the source
A £55m loan to Manchester City’s Abu Dhabi owner will be investigated as part of a review into a fund for housing projects while Andy Burnham was mayor. The prime minister has faced weeks of scrutiny over his links to Manchester City’s super-rich owners after the club was found guilty of boosting its income by £900m in a nine-year breach of financial rules. Burnham, the former Greater Manchester mayor, was accused of siding with the Abu Dhabi owners after the “unprecedented” rule breach, when he said they had been “such a huge partner in the building of modern Manchester” and that he would be “really concerned” to lose them from the sport. He could now face more uncomfortable questions after councillors in Greater Manchester said they planned to investigate loans made to property companies while he was mayor. In 2017, three companies ultimately controlled by the Manchester City owner, Sheikh Mansour bin Zayed al-Nahyan, the vice-president and deputy prime minister of the United Arab…