The United Arab Emirates has warned the government it could cancel billions of pounds of investment in the UK over the Premier League’s ruling against Manchester City, according to reports by Bloomberg and The Telegraph.
Emirati officials said “the Premier League’s actions” would “have an influence on the bilateral state relationship”, Bloomberg reported.
The Telegraph said the UAE is threatening to scrap billions of pounds of private investment for a hi-tech, Silicon Valley-style hub between Oxford and Cambridge. The Treasury said in March that up to £800m was available for land and infrastructure in the Oxford to Cambridge Growth Corridor, which it described as the UK’s “Silicon Valley”.
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