In a move that could potentially be seen as a blow to Manchester City, Openda has announced its decision not to sell the club's offer from Manchester City.
The club, which is currently owned by Saudi Arabia's state oil company, Aramco, and led by Saudi Arabia's crown prince, Mohammed bin Salman, is reportedly set to sell the club for between 1.5 billion and 2.5 billion euros ($2.3 billion). The deal would involve the transfer of the club's majority stake in the Premier League club, with Openda receiving 60 million euros in cash and the option to buy the remaining shares.
However, Openda has refused to sell the club outright, instead opting to pursue a sale through the sale of minority stakes or by selling part of the club's assets. The move comes amid a growing trend towards consolidation in football, where smaller clubs are being sold off to larger companies for financial reasons.
It remains to be seen how this decision will impact the future of Manchester City, but it does suggest that there may be some uncertainty surrounding the future of the club. While the deal appears to be a positive development for the club, it also raises questions about the future of football in the region and whether it will remain a viable business model.
Overall, the news of Openda's decision to reject the sale of Manchester City is likely to have significant implications for the football landscape in the region, particularly in terms of the potential for consolidation and the role of smaller clubs in the future.