Man City owner eyes £10bn stake in RBS

Government body UK Financial Investments is in talks to sell £10bn worth of RBS shares to a consortium of investors led by Sheikh Mansour, the owner of Manchester City Football Club, according to reports.

Earlier this week sources said talks had been ongoing for some time with a number of parties over the sale of part of the government's stake in RBS. According to the Financial Times, Abu Dhabi has discussed a £10bn investment into RBS led by Sheikh Mansour, which could kick-start the process of the government's exit from the bank. Sheikh Mansour, backed by other Abu Dhabi and Middle Eastern investors, is understood to have indicated his interest in buying part of the British government's RBS holding. Mansour is already well known in England, having snapped up Manchester City two ye...