The Daily Mail says Sheik Mansour of Abu Dhabi is close to sealing an astonishing $100million deal to establish a new Major League Soccer team in New York.
He deal is close and the Sheik is hopeful he, and MLS officials, will be in a position to announce its completion when Roberto Mancini's side play an exhibition game against Chelsea in New York at the end of next month.
It is understood that there are some crucial details to be ironed out before the deal can go through.
Sources close to the situation suggested last night there is still an outside chance the move may fall at the final hurdle.
However, staff at all levels at City are now working towards an announcement being made in New York next month.