7 Hrs
Source:
The Guardian
Investigation into City owner’s £55m housing loan
A review is underway into a £55 million loan made to Manchester City’s Abu Dhabi owner during Andy Burnham's tenure as Greater Manchester mayor, as part of an investigation into funding for the Manchester Life housing project. The loans, which have been fully repaid, supported the development of 6,000 homes, but questions have arisen over the loan process's transparency and the involvement of the city's owners. The scrutiny follows recent concerns about Manchester City's financial rule breaches and Burnham's previous interactions with club representatives.
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