Back in September 2008, the takeover of Manchester City Football Club by an Abu Dhabi-backed consortium was one of the biggest stories in sport.
Since then, the light blues have gone on the win numerous league titles and attract some of the best players in the world to Manchester.
Now, another English football club has been taken over by an Abu Dhabi-based consortium.
East Street Investments has completed the takeover of London’s Charlton Athletic.
As part of the deal, Tahnoon Nimer and Jonathan Heller, the chairman and chief executive of Abu Dhabi Business Development, have joined Charlton as directors.
Abu Dhabi Business Development is the private office of His Highness Sheikh Saeed Bin Tahnoun Bin Mohammed Al Nahyan.
Charlton are currently 19th in the English Championship, the second-tier in English professional football and are currently five points clear of the relegation zone and recently lost 1-0 away to West Bromwich Albion.
Investment in the playing staff and improvements to the club are expected to help boost the club’s chances of remaining in the league.
Fans of the club will be looking forward to seeing what the changes bring as the club aims to rejoin the top-tier, the Premier League, in the future.
