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Published 15:41 19 Apr 2016 BST
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The exact identity of the person involved is said to remain a 'closely guarded secret', but The Star point out that Sheikh Khalifa, president of the United Arab Emirates, is a likely candidate.
With an estimated worth of over £30bn, he is said to be even richer than City's owner (his half-brother), and there are no rules to say such a club can't be taken over by the relation of another club's owners.

Ireland warned of huge punishment for wider sport if Israel game had been boycotted
The Minister of state for Sport outlined that if Ireland hadn’t fulfilled their Nations League fixture vs Israel, there would be wider sport ramifications. Earlier on Friday, the FAI confirmed the fixture will take place. However, the controversial match will be played behind closed doors. While still being listed as a ‘home game’ for Ireland, […]
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BREAKING The FAI have confirmed that Ireland’s home fixture v Israel in the Nations League will be moved to a neutral venue according to RTE. Originally, the match was scheduled to take place on the 4th of October, in the Aviva Stadium. After a meeting on Thursday, the decision has been made to move the […]
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