Man City's role in troubled £365million Co-op Live amid venue chaos
As Manchester City chase Premier League glory they hope will be crowned with an Etihad Stadium celebration later this month, the neighbouring concert venue Co-op Live continues to make headlines for all the wrong reasons.
The troubled venue has been hit by delays, cancellations and issues and is still yet to open its doors. The £365million venue is the latest addition to the Etihad campus and is intrinsically linked to City both in geography and behind the scenes.
City's owners the City Football Group have invested in the project as part of their aims to continue to redevelop the area, while the two sites are a matter of metres apart. Here's the lowdown on City's involvement in Co-op Live.
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City's owners the City Football Group (CFG), are a partner in the venue. They joined forces with Oak View Group (OVG) as equal joint venture partners and investors in Co-op Live, along with pop superstar Harry Styles as a minority investor.
CFG view the arena as playing a pivotal role in their ambitions to develop the Etihad Campus as a global sport and entertainment destination that is a source of community, employment and economic opportunity for Manchester.
CFG, in which City owner and Emirati politician Mansour bin Zayed Al Nahyan has a controlling stake, has invested heavily in the arena. The figure involved has not been disclosed but CFG are an an equal partner in the £365m project with OVG.
Since 2008, City Football Group has overseen over £700m of investment into the Etihad Campus and East Manchester, including the development of the City