Man City owner Sheikh Mansour willing to offer €1 billion for Real Madrid
A source revealed: "Sheikh Mansour Bin Zayed Al Nahyan has commissioned representatives to offer the sum (of one billion euros) to buy out the club."
Any deal, however, would depend on the permission of their shareholding fans to change its legal statutes, which would then pave the way for any sale to go through. Fans of Real vote on the election of most of the board and the club's president.
A meeting between the Sheikh and Real president Florentino Perez could be held early in 2010. Real are reported to have debts of 327 million euros.