Manchester City owner’s £55m housing loan while Burnham was mayor investigated

A parliamentary scrutiny committee is examining the financing behind the Manchester Life project, focusing on a £55 million loan granted to Manchester City’s Abu Dhabi-owned parent company during the tenure of the city’s former mayor. The inquiry follows mounting political pressure over the prime minister’s ties to the club’s wealthy owners, particularly after the football authority ruled the team had illegally inflated its revenue by nearly £1 billion over nine years. With calls for greater accountability growing, the review aims to assess whether public funds were appropriately allocated to the controversial housing initiative. The prime minister has pledged full transparency amid ongoing questions about conflicts of interest and financial oversight.

Scrutiny committee looks into financing of Manchester Life project as PM promises ‘full transparency’A £55m loan to Manchester City’s Abu Dhabi owner will be investigated as part of a review into a fund for housing projects while Andy Burnham was mayor.The prime minister has faced weeks of scrutiny over his links to Manchester City’s super-rich owners after the club was found guilty of boosting its income by £900m in a nine-year breach of financial rules. Continue reading...