Not quite.
Spanish media reported over the weekend that Manchester City's owner, Sheikh Mansour bin Zayed Al Nahyan, is preparing an offer of 1 billion Euros to purchase Real Madrid. That's right, 1 BILLION!!!
There is speculation that the offer might even exceed that amount. Mansour is a member of the Royal Family of Abu Dhabi, and since they own pretty much all the oil in the world, he has the money to spend.
It seems that Manchester City is just not enough for Mansour and his petrodollars. The problem is that Real Madrid is not a privately owned club. It's an entity made up of tens of thousands of members who would have to agree to such a deal. Basically, everyone you see at the Santiago Bernabeu every weekend during Real Madrid's games, those are the people who own the club. The word "Club" here really means a club, not just a soccer team. They have many other sports' teams such as basketball, handball, and indoor soccer, and many other arenas, so I think this would all have to be included in the deal.
Not only that, these members would have to first change the club's legal statutes and amend the article that states the club cannot be sold. With that said, this purchase will be impossible to say the least.
Today, a source close to Mansour has denied these reports made by Spanish media, saying he's focused only on Manchester City and trying to improve the team so they can be one of the best teams in Europe.
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