Khaldoon Al Mubarak

Al Mubarak was born on 1 December 1975 in Abu Dhabi, United Arab Emirates. He is from a family of diplomats, and religious and judicial scholars. Khaldoon's father was the former UAE diplomat and ambassador to France, Khalifa Ahmad Mubarak, who was assassinated in Paris in 1984.{{Cite web|title=Khalifa Al Mubarak street a tribute to ultimate sacrifice|url=https://gulfnews.com/uae/government/khalifa-al-mubarak-street-a-tribute-to-ultimate-sacrifice-1.1297106|access-date=15 July 2020|website=gulfnews.com|date=28 February 2014 |language=en}}

Khaldoon's grandfather was Al Sheikh Ahmed Abdulaziz Hamad Al-Mubarak,{{Cite web|title=أحمد بن عبد العزيز المبارك.. وعي وثقافة وقضاء|url=http://www.alkhaleej.ae/supplements/page/8f446743-37e6-4b00-b600-ad66510dc127|access-date=15 July 2020|website=www.alkhaleej.ae|language=ar}} former Judge and Chairman of the Shari'a Judicial Department in the Emirate of Abu Dhabi, he was appointed by founder of the UAE and ruler of Abu Dhabi, Sheikh Zayed bin Sultan Al Nahyan. His great-grandfather Professor (Al Sheikh) Abdulaziz Hamad Al-Mubarak, a judicial scholar, played a significant role to the UAE educational system, where he established the country's first school in the Emirate of Dubai;{{Cite web|last=الاتحاد|first=صحيفة|date=15 June 2005|title=وقت إضافي بسبب صعوبة الرياضيات·· والفيزياء تواصل تحطيم الدرجات|url=https://www.alittihad.ae/article/16751/2005/وقت-إضافي-بسبب-صعوبة-الرياضيات··-والفيزياء-تواصل-تحطيم-الدرجات|access-date=15 July 2020|website=صحيفة الاتحاد|language=ar-AR}} he was an advisor to Sheikh Zayed bin Khalifa Al Nahyan.

Khaldoon has three siblings, two of whom are senior government officials: Rasha; Razan Khalifa Al Mubarak, managing director and board member of the Environment Agency Abu Dhabi{{Cite web|title=EAD|url=https://www.ead.gov.ae/en|access-date=15 July 2020|website=www.ead.gov.ae}} and the managing director for the Mohamed bin Zayed Species Conservation Fund;{{Cite web|title=The Board {{!}} The Mohamed bin Zayed Species Conservation Fund|url=https://www.speciesconservation.org/about-us/the-board|access-date=15 July 2020|website=www.speciesconservation.org}} and Mohamed Khalifa Al Mubarak, Chairman of Department of Culture and Tourism Abu Dhabi and member of the Executive Council of the Emirate of Abu Dhabi,{{Cite web|title=Our Members|url=https://www.wttc.org/shared/members-current/members/he-mohamed-khalifa-al-mubarak/?isAjax=true|access-date=15 July 2020|website=World Travel & Tourism Council}} and Chairman of Aldar Properties PJSC.{{Cite web|title=Aldar Properties Overview {{!}} ALDAR|url=https://www.aldar.com/en/About-ALDAR|access-date=15 July 2020|website=www.aldar.com}}

Khaldoon attended the American Community School of Abu Dhabi.{{Cite web|title=American Community School reflects on 40 years passed|url=https://www.thenational.ae/uae/education/american-community-school-reflects-on-40-years-passed-1.650465|access-date=15 July 2020|website=The National|date=9 March 2013 |language=en}} In 1997, he obtained a degree in Economics and Finance from Tufts University.{{Cite news|last=Conn|first=David|date=17 September 2009|title=From desert skyscrapers to Manchester City's sky blue land of riches|language=en-GB|work=The Guardian|url=https://www.theguardian.com/football/2009/sep/18/manchester-city-abu-dhabi-mubarak|access-date=15 July 2020|issn=0261-3077}}

Al Mubarak has worked for the state-owned Abu Dhabi National Oil Company,{{cite web|url=http://www.sportspromedia.com/notes_and_insights/_a/abu_dhabis_man_of_sport/|title=Khaldoon Al Mubarak is Abu Dhabi's man of sport|last=Cushnan|first=David|date=20 July 2009|work=SportsPro|access-date=21 October 2009|archive-date=2 November 2009|archive-url=https://web.archive.org/web/20091102003958/http://www.sportspromedia.com/notes_and_insights/_a/abu_dhabis_man_of_sport/|url-status=dead}} and the UAE Offsets Group. He was executive vice-president-corporate of Dolphin Energy.

Al Mubarak has interests in mining projects in South America, specifically in Colombia, as he directs the state-owned Mubadala Investment Group, the company that owns Minesa, a company created in 2013 to obtain the exploitation license, from the Colombian government, to extract gold from the Páramo de Santurbán, Soto Norte province, Santander department, with reserves calculated in the subsoil of approximately 9 million ounces. There has been fierce opposition from environmentalists and political leaders in the region due to the threat posed by the contamination of the water reserve that nourishes more than 4 million inhabitants, a product of possible mismanagement that Minesa gives to the cyanide and mercury residues necessary to extract the gold as well as the destruction of the páramo ecosystem, becoming even a matter of national and international interest.{{Cite web|last=Las2orillas|date=2020-08-11|title=Cuatro compañías extranjeras dueñas del oro que sale de Colombia|url=https://www.las2orillas.co/cuatro-companias-extranjeras-duenas-del-oro-que-sale-de-colombia/|access-date=2021-04-22|website=Las2orillas|language=es}} However, the investment made in the country during the 2010s, seeking the favor of the government and productive sectors of the country in favor of the exploitation of the páramo, is being put at risk as Minesa's request is filed by the National Environmental Licensing Authority (ANLA), declaring deficient the Environmental Impact Study in the area made by the mining company.{{Cite web|last=Espectador|first=El|date=2020-10-03|title=ELESPECTADOR.COM|url=https://www.elespectador.com/noticias/medio-ambiente/anla-archiva-proyecto-de-mineria-en-santurban-por-ahora/|access-date=2021-04-22|website=ELESPECTADOR.COM|language=spanish}} After an appeal process by Minesa, the ANLA ordered in January 2021 the final file of the environmental license for the mining megaproject.{{Cite web|last=Vanguardia|first=Redacción|title=Anla archivó definitivamente la licencia ambiental solicitada por Minesa|url=https://www.vanguardia.com/economia/local/anla-archivo-definitivamente-la-licencia-ambiental-solicitada-por-minesa-YE3314177|access-date=2021-04-22|website=www.vanguardia.com|date=21 January 2021 |language=es-CO}}

Al Mubarak was appointed CEO and managing director of the government-owned investment company Mubadala Development.{{Cite news|date=9 December 2019|title=Abu Dhabi's Go-To Man Builds $229 Billion Fund for Post-Oil Era|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2019-12-09/abu-dhabi-s-go-to-man-builds-229-billion-fund-for-post-oil-era|access-date=20 November 2020}}{{when|date=February 2022}} In 2017, he was appointed managing director and chief executive officer of the Mubadala Investment Company, after Mubadala Development merged with International Petroleum Investment Company (IPIC).{{Cite web|last=Authority|first=Executive Affairs|title=Executive Affairs Authority – Chairman of the Executive Affairs Authority|url=https://www.eaa.gov.ae/en/pages/chairman-executive-affairs-authority.html|access-date=28 April 2018|website=www.eaa.gov.ae|language=en}} In March 2020, Mubadala Investment Company was managing a $230 billion portfolio.{{Cite news|last=Gottfried|first=Rory Jones and Miriam|date=5 December 2020|title=Abu Dhabi's $230 Billion Man Bet the World Would Overcome Covid-19|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/abu-dhabis-230-billion-man-bet-the-world-would-overcome-covid-19-11607144409|access-date=20 January 2021|issn=0099-9660}} The company owns stakes in numerous companies, including a 5 percent share in Ferrari,{{cite web|url=http://www.arabianbusiness.com/mubadala-boss-poised-take-helm-at-man-city-43042.html|title=Mubadala boss poised to take helm at Man City|first=Anil|last=Bhoyrul|work=Arabian Business|date=18 September 2008|access-date=13 October 2010}} an 8.1 percent share in AMD, and a 7.5 percent share in the Carlyle Group.{{cite news|url=https://www.washingtonpost.com/wp-dyn/content/article/2008/02/14/AR2008021403573.html|last=Heath|first=Thomas|title=Pair of Proposals Take Aim at Carlyle Group|newspaper=Washington Post|date=15 February 2008|access-date=22 September 2008}}{{cite web|url=http://www.ge.com/news/partnership.html|title=GE & Mubadala Partnership|publisher=General Electric|access-date=16 February 2009|url-status=dead|archive-url=https://web.archive.org/web/20090315080549/http://www.ge.com/news/partnership.html|archive-date=15 March 2009}} In May 2005, he was appointed vice-chairman of Oasis International Leasing, an Abu Dhabi-based leasing company.{{cite web|url=http://www.ameinfo.com/59446.html|title=Khaldoon Khalifa Al Mubarak appointed Oasis Leasing Vice Chairman|last=Golden|first=Lara Lynn|date=7 May 2005|work=AMEinfo.com|publisher=AME Info|access-date=22 September 2008|url-status=dead|archive-url=https://web.archive.org/web/20080926151837/http://www.ameinfo.com/59446.html|archive-date=26 September 2008}} Through Mubadala Investment Company, Al Mubarak is vice-chairman of Piaggio Aero,{{cite web|title=Khaldoon Mubarak, CEO, Mubadala Development Company|url=http://edition.cnn.com/2007/BUSINESS/09/27/mubarak.interview/index.html|date=28 September 2007|work=CNN|access-date=17 October 2009}} and vice-chairman of LeasePlan.{{cite web|url=http://www.manchestereveningnews.co.uk/sport/football/manchester_city/s/1067502_plans_take_shape_at_city|title=Plans take shape at City|last=Bailey|first=Chris|date=19 September 2008|work=Manchester Evening News|access-date=17 October 2009}} During Al Mubarak's tenure Mubadala invested into new markets, among them projects of Brazilian magnate Eike Batista.{{Cite news|url=https://www.wsj.com/articles/SB10001424052702303816504577305574015159802|title=Abu Dhabi Takes Big First Step Into Brazil|last1=Magalhaes|first1=Luciana|date=26 March 2012|work=Wall Street Journal|access-date=1 May 2018|last2=Cowley|first2=Matthew|language=en-US|issn=0099-9660}}

He has been characterized as "one of the royal family's most trusted advisers" and having "a close relationship with [His Highness the President Mohamed bin Zayed Al Nahyan.""[https://www.wsj.com/articles/SB10001424052748704187204575101942101575842 Who's Who : A guide to the most influential, non-royal officials in the United Arab Emirates]", Wall Street Journal, 15 October 2010{{subscription required}} When the Abu Dhabi government was restructured in 2006, Al Mubarak became chairman of Executive Affairs Authority and a member of the Executive Council for the Emirate of Abu Dhabi.{{cite web|url=http://edition.cnn.com/CNNI/Programs/mme/blog/archive/2007_09_01_index.html|title=Two trips, one new program|last=Defterios|first=John|date=20 September 2008|work=CNN|access-date=17 October 2009}}{{cite web|url=http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/theuae/2006/March/theuae_March184.xml§ion=theuae|title=Abu Dhabi govt restructuring to spur efficiency|date=6 March 2006|work=Khaleej Times|access-date=17 October 2009}} He is an Abu Dhabi Education Council member, a director of the Abu Dhabi Council for Economic Development (ABCED),{{cite web|url=http://www.adced.ae/english/about/boardOfDirectors.aspx?abt=bod|title=Board of Directors|publisher=Abu Dhabi Council for Economic Development|access-date=17 October 2009}}{{Dead link|date=May 2023 |bot=InternetArchiveBot |fix-attempted=yes }}{{cite web|url=http://gsec.abudhabi.ae/Sites/GSEC/Content/EN/PDF/Publications/economic-vision-2030-section-5,property=pdf.pdf|title=The Abu Dhabi Economic Vision 2030|publisher=Government of the General Secretariat Executive Council of Abu Dhabi|access-date=17 October 2009}} and chairman of the Organization & Administration Department. Al Mubarak is co-chair of the United States Chamber of Commerce's US–U.A.E. Business Council, which was established in 2007,{{cite web|url=http://www.usuaebusiness.org/index.cfm?fuseaction=section.home&id=1|title=About the U.S.-U.A.E. Business Council|access-date=17 October 2009|archive-date=27 February 2012|archive-url=https://web.archive.org/web/20120227145615/http://www.usuaebusiness.org/index.cfm?fuseaction=section.home&id=1|url-status=dead}} chairman of the Abu Dhabi Media Zone Authority,{{cite web|title=Media brands focus on Abu Dhabi|url=http://www.thenational.ae/business/banking/media-brands-focus-on-abu-dhabi|last=Hagey|first=Keach|date=12 October 2008|work=The National|access-date=17 October 2009}} and vice-chairman of the Abu Dhabi Urban Planning Council which was established in 2007.{{cite web|url=http://www.upc.gov.ae/about-us/council-members.aspx?lang=en-US|title=Council Members|publisher=Abu Dhabi Urban Planning Council|access-date=13 October 2010|archive-date=24 April 2010|archive-url=https://web.archive.org/web/20100424054806/http://www.upc.gov.ae/about-us/council-members.aspx?lang=en-US|url-status=dead}}{{cite web|url=http://www.uaeinteract.com/docs/UAE_President_sets_up_Urban_Planning_Council/26929.htm|title=UAE President sets up Urban Planning Council|date=20 September 2007|work=UAE Interact|publisher=Trident Press Ltd.|access-date=17 October 2009}}

Al Mubarak is a board member of the Supreme Petroleum Council (SPC) of the Government of Abu Dhabi and the chairman of the Emirates Nuclear Energy Corporation (ENEC), Abu Dhabi Commercial Bank.{{Cite web|url=https://www.mubadala.com/en/who-we-are/investment-committee/khaldoon-al-mubarak|title=Khaldoon Khalifa Al Mubarak {{!}} Mubadala|website=www.mubadala.com|date=4 November 2012 |language=en|access-date=14 May 2018}}{{cite news|title=Investment committee, Managing Director and Group CEO|url=https://www.mubadala.com/en/who-we-are/investment-committee/khaldoon-al-mubarak|publisher=MUBADALA|access-date=17 March 2021}} He is co-chair of the Abu Dhabi-Singapore Joint Forum.{{Cite web|date=4 November 2012|title=Khaldoon Khalifa Al Mubarak|url=https://www.mubadala.com/en/who-we-are/investment-committee/khaldoon-al-mubarak|access-date=5 November 2020|website=www.mubadala.com|language=en}} Within the UAE, Mubarak is considered to be one of the key investors, and plays a major role in the economic diversity plan to move away from oil and put more focus into aerospace, manufacturing and utilities.{{cite news|title=Khaldoon Al Mubarak|url=https://www.arabianbusiness.com/people/khaldoon-al-mubarak-507837.html|publisher=ArabianBusiness|access-date=17 March 2021}} He sits on boards including ALDAR Properties, the Emirates Foundation{{cite web|last=Bailey|first=Chris|date=19 September 2008|title=Plans take shape at City|url=http://menmedia.co.uk/manchestereveningnews/sport/football/manchester_city/s/1067502_plans_take_shape_at_city|access-date=13 October 2010|work=Manchester Evening News|archive-date=12 November 2012|archive-url=https://web.archive.org/web/20121112161043/http://menmedia.co.uk/manchestereveningnews/sport/football/manchester_city/s/1067502_plans_take_shape_at_city|url-status=dead}} and the First Abu Dhabi Bank,{{Cite news|title=H.E Khaldoon Khalifa Al Mubarak|language=en-AE|url=https://www.nbad.com/en-ae/about-nbad/overview/board-of-directors/HE-Khaldoon-Khalifa-AlMubarak.html|access-date=26 October 2018}} which was formed by a merger of First Gulf Bank and National Bank of Abu Dhabi. He is the chairman of Emirates Global Aluminum (EGA), an aluminum conglomerate. Al Mubarak is chairman of the advisory board for the Global Manufacturing and Industrialisation Summit (GMIS), which is a joint initiative by the UAE Ministry of Economy and the United Nations Industrial Development Organization (UNIDO).{{Cite news|date=7 March 2017|title=GE partners with the Global Manufacturing and Industrialisation Summit to revolutionize industry through additive manufacturing and digitization|language=en|work=Al Bawaba|url=https://www.albawaba.com/business/pr/ge-partners-global-manufacturing-and-industrialisation-summit-revolutionize-industry-thr|access-date=28 May 2018}}{{Cite news|title=Global tech giant IBM joins GMIS mission to transform manufacturing and build smarter world|language=en-US|work=wam|url=http://wam.ae/en/details/1395302676292|access-date=28 May 2018}} In 2018, Al Mubarak was appointed as the first Presidential Special Envoy to China by UAE President Sheikh Khalifa bin Zayed.{{Cite web|title=UAE names Khaldoon Al Mubarak first Presidential Envoy to China|url=https://www.thenationalnews.com/uae/government/uae-names-khaldoon-al-mubarak-first-presidential-envoy-to-china-1.782350|access-date=20 November 2020|website=The National|date=19 October 2018 |language=en}} He is also the vice chairman of the Emirati government owned investment firm, MGX.{{Cite news |last=Bartenstein |first=Ben |date=11 March 2024 |title=Abu Dhabi Targets $100 Billion AUM for AI Investment Firm |url=https://www.bloomberg.com/news/articles/2024-03-11/abu-dhabi-said-to-target-100-billion-aum-for-ai-investment-firm |access-date=25 February 2025 |publisher=Bloomberg News}}

Al Mubarak is a member of the Board of Trustees for New York University,{{cite web | url=https://www.nyu.edu/about/leadership-university-administration/board-of-trustees.html | title=NYU Board of Trustees }} and oversaw the development of a campus in Abu Dhabi. Al Mubarak was the first chairman of board of Imperial College London Diabetes Center (ICLDC) which opened in Abu Dhabi in 2006.{{cite web|date=14 August 2006|title=Imperial College London and UAE Development Agency launch world-class diabetes centre in Abu Dhabi|url=http://www1.imperial.ac.uk/medicine/news/p61408_2/|url-status=dead|archive-url=https://web.archive.org/web/20060924230106/http://www1.imperial.ac.uk/medicine/news/p61408_2/|archive-date=24 September 2006|access-date=17 October 2009|publisher=Imperial College London}}

Al Mubarak, as chairman of the Abu Dhabi Motor Sport Management Company (ADMM),{{cite web|url=http://www.thenational.ae/sport/motorsport/abu-dhabi-is-right-on-track-for-gp|title=Abu Dhabi is right on track for GP|last=Khan|first=Alam|date=27 August 2008|work=The National|publisher=Abu Dhabi Media Company|access-date=22 September 2008}} worked to bring auto racing to the region and negotiated the deal with FIA for the Abu Dhabi Grand Prix Formula One motor race.{{Cite web|url=https://www.yasmarinacircuit.com/en/media-centre/press-releases/2008/working-relationship-announced-between-abu-dhabi-motorsports-management-and-bahrain-international-circuit/|title=Working Relationship Announced Between Abu Dhabi Motorsports Management and Bahrain International Circuit {{!}} Yas Marina Circuit|website=Yas Marina Circuit|access-date=4 December 2018}} The deal was officially announced in early 2007 at the Abu Dhabi F1 Festival in the UAE.

In early September 2008, and after negotiations led by Dubai-born businessman Sulaiman Al-Fahim"[http://www.economist.com/node/12305389 Family feeling behind the football]", The Economist, 25 September 2008 on behalf of the Abu Dhabi side, the owners of English Premier League football club Manchester City, including chairman Thaksin Shinawatra, agreed to sell the entirety of their shares to Sheikh Mansour bin Zayed Al Nahyan of Abu Dhabi."[https://www.theguardian.com/football/2008/sep/01/manchestercity.premierleague Manchester City agree takeover deal with Abu Dhabi group]" by Mike Adamson, The Guardian, 1 September 2008 On Tuesday 23 September 2008, the deal was concluded and the shares were transferred to Abu Dhabi United Group, a United Arab Emirates-based private equity firm owned by Sheikh Mansour,"[http://news.bbc.co.uk/sport2/hi/football/teams/m/man_city/7628080.stm Man City buyers complete takeover]", BBC News, 23 September 2008 in a deal that was both welcomed"[https://www.theguardian.com/football/2012/may/18/fall-and-rise-manchester-city Manchester City: a tale of love and money]" by David Conn, The Guardian, 18 May 2012 and questioned"[https://www.theguardian.com/football/2013/jul/30/manchester-city-human-rights-accusations Abu Dhabi accused of 'using Manchester City to launder image']" by David Conn, The Guardian, 30 July 2013 by some observers. In September 2008,{{Cite web|url=https://www.cityfootballgroup.com/Our-Business/Board|title=City Football Group {{!}} Board|website=www.cityfootballgroup.com|language=en|access-date=21 August 2018}} the new owner appointed Al Mubarak as chairman of the board of directors of the club, with Garry Cook as Chief Executive. Cook would later resign in 2011 and be replaced by Ferran Soriano.{{Cite news|title=Man City's Cook quits over email|language=en-GB|work=BBC Sport|url=https://www.bbc.co.uk/sport/football/14856828|access-date=2021-04-22}}

On 14 May 2011, City won the FA Cup, their first silverware after a drought of 35 years, by beating Stoke City 1–0 in the final."[http://www.manchestereveningnews.co.uk/news/greater-manchester-news/manchester-united-take-down-35-860812 Manchester United take down '35 years' banner at Old Trafford after City's FA Cup win]", Manchester Evening News, 17 May 2011 On 13 May 2012, with two goals scored in stoppage time"[https://www.washingtonpost.com/news/fancy-stats/wp/2014/06/12/stoppage-time-in-soccer-how-it-works-and-what-it-means/ Stoppage time in soccer: How it works and what it means]" by Michael Caley, Washington Post, 12 June 2014 in the last game of the season, played at their home stadium, and amidst "scenes of near bedlam",[https://www.bbc.com/sport/football/17973148 Mancherster City 3 – Queens Park Rangers 2]. Game report by Phil McNulty, BBC Sport, 13 May 2012 Manchester City were crowned champions of the Premier League, winning the top-division title for the first time since the 1967–68 season. The club's finances"[https://www.footballbenchmark.com/manchester_city_fc_financial_performance Manchester City : From zero to hero]", Football Benchmark, 2016 reached a loss of £98 million in 2011–12 but improved to show an £11 million profit in 2014–15, and then in the 2015–16 season a profit of £20.5 million with "record" revenues of £398.1 million."[http://www.football365.com/news/man-city-announce-record-revenue-increased-profits Man City announce record revenue, increased profits]", Football 365, 18 October 2016

Since 2013, Mubarak has been the chairman of City Football Group, a holding company that invests in and manages various international football-related businesses, including Manchester City, New York City, Mumbai City and Melbourne City. In 2019, the City Football Group decided under his leadership to sell a 10% stake to Silver Lake for $500 million.{{Cite web|title=Khaldoon Al Mubarak exclusive: What next for Man City?|url=https://www.skysports.com/football/news/11679/11870920/khaldoon-al-mubarak-exclusive-what-next-for-man-city|access-date=9 November 2020|website=Sky Sports|language=en}}

A decade after the UAE acquired Manchester City, documents by Football Leaks revealed that the Abu Dhabi owner and chairman together circumvented the Financial Fair Play (FFP) regulations, which were introduced by UEFA. Mansour bin Zayed and Khaldoon Al Mubarak were essentially alleged by rights groups of attempting to “sportswash” the “deeply tarnished image” of their country by funneling money into the club.{{Cite news |last=Doward |first=Jamie |date=2018-11-11 |title=Amnesty criticises Manchester City over 'sportswashing' |language=en |work=The Guardian |url=https://www.theguardian.com/law/2018/nov/11/manchester-city-owners-accused-sportswashing-gulf-image|access-date=2023-07-24}}

In 2018, a report by German magazine Der Spiegel, based on leaked internal emails and documents, alleged that Sheikh Mansour's Abu Dhabi United Group (ADUG) financed the sponsorship payments himself. In order to escape the FFP rules, direct money from Emirati owners was wired to sponsor companies based in UAE, including Etihad Airways and Aabar Investment, which was then transferred into the club.{{Cite news |date=2018-11-05 |title=Chapter 1: Bending the Rules to the Tune of Millions |language=en |work=Der Spiegel |url=https://www.spiegel.de/international/manchester-city-exposed-bending-the-rules-to-the-tune-of-millions-a-1236346.html|access-date=2023-07-24}} ADUG's accounts were managed by Mubarak's Abu Dhabi government agency, Executive Affairs Authority (EAA). Besides, the money flows from government into the team were approved by Mubarak.{{Cite news |last1=Buschmann |first1=Rafael |last2=Naber |first2=Nicola |last3=Winterbach |first3=Christoph |date=2022-04-07 |title=Manchester City's Cozy Ties to Abu Dhabi: Sponsorship Money – Paid for by the State |language=en |work=Der Spiegel |url=https://www.spiegel.de/international/europe/sponsorship-money-paid-for-by-the-state-a-2ad5b586-1d82-4a21-8065-f3c081cd91a4|access-date=2023-07-24}} The Emirati owners created a "closed payment loop", where they set up a shell company, Fordham Sports Management, to pay players for their image rights. Usually players are paid by the club for their image rights. But for City, it was Fordham, which received £11 million annually from the Abu Dhabi owners. The channel allowed the club to hide expenditure, and to save €30 million in marketing income.{{Cite news |date=2018-11-06 |title=Chapter 2: The Secret 'Project Longbow' |language=en |work=Der Spiegel |url=https://www.spiegel.de/international/manchester-city-and-the-fight-against-financial-fairplay-a-1236347.html|access-date=2023-07-24}}{{Cite news |last=Ingle |first=Sean |date=2018-11-06 |title=Manchester City hit by more allegations over Uefa's financial fair play rules |language=en |work=The Guardian |url=https://www.theguardian.com/football/2018/nov/06/manchester-city-uefa-financial-fair-play|access-date=2023-07-24}} A main person involved in such deals and negotiations between Abu Dhabi and City was Simon Pearce, an Australian who worked in EAA. Before making any multimillion-euro transfers to the club, Pearce was supposed to seek for permission from the chairman, Mubarak, who would approve all the transactions.{{Cite news |date=2018-11-07 |title=Chapter 3: Recruiting Pep Guardiola |language=en |work=Der Spiegel |url=https://www.spiegel.de/international/world/manchester-city-exposed-chapter-3-recruiting-pep-guardiola-a-1236621.html|access-date=2023-07-24}}

Manchester City replied to the reports stating that they were based on "hacked or stolen" emails or documents, but did not say that the leaked emails were not fake.{{Cite news |last=Conn |first=David |date=2019-01-15 |title=Manchester City refuse to give Uefa any comment on FFP allegations |language=en |work=The Guardian |url=https://www.theguardian.com/football/2019/jan/15/manchester-city-refuse-comment-uefa-ffp-allegations|access-date=2023-07-24}} In March 2019, UEFA opened the investigation into the alleged breach of FFP rules by the City owner and the chairman.{{Cite news |last=Homewood |first=Brian |date=2019-03-07 |title=UEFA opens investigation into Man City over FFP |language=en |work=Reuters |url=https://www.reuters.com/article/uk-soccer-uefa-mci-idUKKCN1QO2BS|access-date=2023-07-24}} In February 2020, the club was banned from the Champions League for 2 years, with a fine of €30 million.{{Cite news |last1=Panja |first1=Tariq |last2=Smith |first2=Rory |date=2020-02-14 |title=Manchester City Banned From Champions League for 2 Seasons |language=en |work=The New York Times |url=https://www.nytimes.com/2020/02/14/sports/soccer/manchester-city-champions-league-ban.html|access-date=2023-07-24}} But, in July 2020, the Court of Arbitration for Sport (CAS) lifted the ban and reduced the fine to €10 million, stating that majority of the violations were "either not established or time-barred".{{Cite news |last=Conn |first=David |date=2020-07-13 |title=Manchester City's Champions League ban lifted by court of arbitration for sport |language=en |work=The Guardian |url=https://www.theguardian.com/football/2020/jul/13/manchester-city-champions-league-ban-lifted-cas-court-of-arbitration-for-sport|access-date=2023-07-24}}{{Cite news |last=Conn |first=David |date=2020-07-28 |title=Cas releases its reasons for overturning Manchester City's Europe ban |language=en |work=The Guardian |url=https://www.theguardian.com/football/2020/jul/28/uefa-claim-against-manchester-city-over-sponsor-money-time-barred-cas-rules|access-date=2023-07-24}} In April 2022, leaked emails were re-published by Der Spiegel. The report claimed that Manchester City was being investigated by the Premier League in terms of three allegations– The club pressured underage players to sign with City, disguising owner's funding as sponsorship payments, and secretly paid compensation to Roberto Mancini through Al Jazira.{{Cite news |last=MacInnes |first=Paul |date=2022-04-07 |title=Leaked emails reveal Manchester City received payments from Abu Dhabi |language=en |work=The Guardian |url=https://www.theguardian.com/football/2022/apr/07/leaked-emails-reveal-manchester-city-received-payments-from-abu-dhabi|access-date=2023-07-24}}

In February 2023, Manchester City was alleged by the Premier League, which had concluded a four-year long investigation, of contravening more than 100 regulations on various occasions, most of which relating to finances. The league said City had provided misleading information about their finances for a nine-year period under Al Mubarak and Sheikh Mansour, with an independent commission to review the case. The Premier League's charges included 80 alleged breaches concerning the financial rules in 2009–18 and 30 breaches related to City's alleged lack of cooperation with the investigation since December 2018.{{cite web|url=https://apnews.com/article/sports-soccer-premier-league-abu-dhabi-58b7439d969e7e2e56a09f9c135f24a7|title=Man City accused of misleading Premier League over finances|access-date=6 February 2023|website=The Associated Press|date=6 February 2023 }}{{Cite news |last=Panja |first=Tariq |date=2023-02-06 |title=Manchester City Charged With Years of Financial Violations |language=en |work=The New York Times |url=https://www.nytimes.com/2023/02/06/sports/soccer/manchester-city-premier-league-financial-charges.html|access-date=2023-07-24}} The club subsequently released a statement, welcoming the appointment of an independent commission.{{Cite web|title=Club Statement|url=https://www.mancity.com/news/club/club-statement-premier-league-63811282|work=Manchester City F.C.|date=6 February 2023|accessdate=14 February 2023}}

Al Mubarak is married to Nadia Sehweil."[http://www.buro247.me/lifestyle/food/dinner-club-avenue-etihad-towers.html The Dinner Club by No.57 and Avenue at Etihad Towers collaborate for exclusive dinner] {{Webarchive|url=https://web.archive.org/web/20190910163352/http://www.buro247.me/lifestyle/food/dinner-club-avenue-etihad-towers.html |date=10 September 2019 }}", Buro 24/7, 25 January 2015 The couple first met when they were both in high school. They have three children."[http://www.thenational.ae/business/the-life/how-a-cancer-diagnosis-inspired-abu-dhabi-family-to-set-up-a-fitness-studio How a cancer diagnosis inspired Abu Dhabi family to set up a fitness studio]," The National, 9 December 2014 Nadia, who is of Palestinian descent, runs a yoga, pilates and dance studio called Bodytree Studio in Abu Dhabi with her mother.

In 2007, Al Mubarak was made Commander of the Star of the Order of the Italian Solidarity{{cite web|url=http://eaa.abudhabi.ae/Sites/EAA/Navigation/EN/chairman-executive-affairs-authority.html |archive-url=https://web.archive.org/web/20080921214407/http://eaa.abudhabi.ae/Sites/EAA/Navigation/EN/chairman-executive-affairs-authority.html |url-status=dead |archive-date=21 September 2008 |title=Chairman of the Executive Affairs Authority |publisher=Abu Dhabi Government |access-date=17 October 2009 }}{{cite web|url=http://www.quirinale.it/elementi/DettaglioOnorificenze.aspx?decorato=218321|title=Al Mubarak Dott. Khaldoon Khalifa|publisher=President of the Italian Republic|language=it|access-date=17 October 2009}} for supporting the "economic relationship" between Italy and the UAE. In 2013, he was made an honourary Commander of the Order of the British Empire (CBE) and received the Grand Gwanghwa Medal, the highest class of the South Korean Order of Diplomatic Service Merit. Al Mubarak is a recipient of the Asian Business Leadership Forum's (ABLF) Award in 2016.{{Cite web|url=http://www.ablfseries.com/network/khaldoon-khalifa-al-mubarak/|title=H.E. Khaldoon Khalifa Al Mubarak {{!}} Alumni {{!}} ABLF Network|website=www.ablfseries.com|language=en|access-date=22 August 2018}} He was named as one of the 100 world's most influential and powerful Arabs in 2017{{Cite web|url=http://www.arabianbusiness.com/revealed--100-world-s-most-influential-arabs-2017-678773.html|title=Revealed: The 100 world's most influential Arabs 2017 - ArabianBusiness.com|website=ArabianBusiness.com|language=en|access-date=22 August 2018}} and 2018 by Arabian Business.{{Cite web|last=|first=|date=2018|title=Most Powerful Arabs|url=https://www.arabianbusiness.com/lists/100-most-powerful-arabs-2018|access-date=20 January 2021|website=|publisher=Arabian Business}}

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{{Manchester City F.C. chairpersons}}

{{The City Football Group}}

{{DEFAULTSORT:Mubarak, Khaldoon}}

Category:Emirati chief executives

Category:Tufts University School of Arts and Sciences alumni

Category:Emirati football chairmen and investors

Category:Manchester City F.C. directors and chairmen

Category:Living people

Category:Emirati Muslims

Category:Emirati urban planners

Category:Emirati expatriates in the United States

Category:1975 births

Category:Honorary commanders of the Order of the British Empire

Category:Chief executives in the finance industry