Sheikh Mansour to buy RBS?

[Blue2]

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.

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 years ago. He has turned the club into a force to be reckoned with in the Premiership.

The Sheikh and his partners could invest up to £5bn in RBS shares - potentially equivalent to a 14% stake in the bank. The remainder would be injected as so-called contingent capital, which could convert from debt to equity on the basis of a pre-agreed trigger.

[CityGer]

This won't be a long term thing. He'll look to add value, build up the stock and sell for a large profit. If it proves as successful as his dabbling in Barclays shares, when he made about £2bn, then it will be a shrewd move.

[Im_Spartacus]

This won't be a long term thing. He'll look to add value, build up the stock and sell for a large profit. If it proves as successful as his dabbling in Barclays shares, when he made about £2bn, then it will be a shrewd move.

And its not true.

The break even point for ukfi is around 50p

Not a chance in hell it will be sold for the current price.

[King Kev]

I hope this doesn't mean that our best players will be sold to RBS on the cheap.