Arab group agrees Man City deal

Manchester City owner Thaksin Shinawatra has agreed to sell the club to a Middle East company, reports BBC. brThaksin has signed a memorandum of understanding with Abu Dhabi United Group that would see the Arab company taking a majority stake in the club. brThe deal would see Thaksin become honorary chairman of the club and retain a shareholding. brADUG boss Dr Sulaiman Al-Fahim has promised to turn City into a top-four club within three seasons.brAl-Fahim, who has made his fortune from property development, told BBC Sport I like to have a challenge and looked at Manchester City as a club where you can add a lot and make them into one of the top four clubs. brHe added that the prospective new owners would back current manager Mark Hughes and add top players to City's squad. brWe will support him by bringing in the best players and it is his job to support them, Al-Fahim said. brWe really have deep pockets. By closing a deal with one of the players today they can see we are serious in developing the club into one of the top four. brAl-Fahim said ADUG was in talks with three players and hoped to sign at least one by the close of the transfer window on Monday. brbr