Sam Fraser
08-10-2009, 04:33 PM
Sheikh Mansour bin Zayed al-Nahyan, the Abu Dhabi sheikh who owns Manchester City Football Club and made roughly £1.5bn investing in Barclays shares during the banking crisis, has turned to space travel by agreeing to acquire 32pc of Sir Richard Branson's Virgin Galactic for $280m (£170m).
The deal values Virgin Galactic at $900m, despite the fact it is yet to begin commercial operations, and provides a major financial boost to Sir Richard's venture.
http://www.telegraph.co.uk/finance/newsbysector/transport/5925697/Sheikh-Mansour-invests-280m-in-Virgin-Galactic.html]
That's the kind of money we need to tap into. :cool:
The deal values Virgin Galactic at $900m, despite the fact it is yet to begin commercial operations, and provides a major financial boost to Sir Richard's venture.
http://www.telegraph.co.uk/finance/newsbysector/transport/5925697/Sheikh-Mansour-invests-280m-in-Virgin-Galactic.html]
That's the kind of money we need to tap into. :cool: