Manchester City's new owners have opened talks with the local council with a view to buying the City of Manchester Stadium and turning the surrounding wastelands into a "City World" hotel and leisure complex.
It is understood that new City owner, Sheik Mansour bin Zayed al Nayhan, is ready to pay Manchester City Council the £50million it would take to buy the ground that was built for the 2002 Commonwealth Games and is leased to the club for £2m-a-year, the Daily Mail says.
Sheik Mansour wants eventually to expand the 47,000-capacity stadium and take it towards the capacity of 78,000 currently enjoyed by neighbours Manchester United.
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