The Abu Dhabi United Group came to Manchester in 2008 to invest in and regenerate Manchester City Football Club, with the ambition to create a successful and sustainable football club with a world-class infrastructure.
The acquisition of Manchester City Football Club was the start of a major new phase of regeneration in Eastlands, East Manchester, with the long-term goal to transform the 200 acres immediately surrounding the Etihad Stadium. This led to the formation of a partnership between the Abu Dhabi United Group and Manchester City Council, which went on to deliver the facilities around the Etihad Campus, and in doing so, lift the wider area.
Manchester Life Development Company (UK Company number 08800093) is owned by Manchester City Council and the Abu Dhabi United Group (Loom Holdings), which is a private investment and development company owned by Sheikh Mansour bin Zayed Al Nahyan.
Manchester Life Management Limited (UK Company number 08800088) is owned by the Loom Holdings subsidiaries that own the four rental buildings.
Manchester Life Development Company pays UK Corporation Tax on its profits. The individual property holding companies pay full U.K. Income Tax and/or Corporation Tax on all net rental income, and on net profits from sales of property.
Loom Holdings and affiliated property holding companies are domiciled in Jersey, Channel Islands, which provides certain advantages for the shareholder in the event shares are sold in one of the rental developments, and is a common structure for overseas investors making U.K. investments.
Board of Directors
The Board of Directors are nominees of the shareholders and are subject to UK Directors Duties.
None of the Directors have any shares in the business and none of them receive any remuneration for their role as Directors.
The Abu Dhabi United Group nominated Directors are:
The Manchester City Council nominated Directors are:
Ali AL Frayhat
Martin Lee Edelman
Sir Richard Charles Leese
Edward Ashley Lote Smith
Full Director details can be found on the Companies House website.