Manchester City's 2022-23 season, in which they won the Premier League, FA Cup, and Champions League—a treble—marked the peak of the club's transformation since the Abu Dhabi United Group (Adug) took ownership in 2008. Led by Sheikh Mansour bin Zayed al-Nahyan, the new owners purchased 90% of the club from Thai businessman Thaksin Shinawatra, injecting significant financial resources into the team. Early investments included the £32.5m signing of Robinho from Real Madrid, and in 2011, the club secured a major sponsorship deal with Etihad Airways, leading to the renaming of their home stadium to the Etihad Stadium. The transformation began with major successes on the pitch. In 2011, Manchester City ended a 35-year trophy drought by winning the FA Cup, with Yaya Touré scoring the decisive goal. The club also signed high-profile players such as Edin Dzeko and continued to grow its global presence through the launch of New York City FC in partnership with the New York Yankees. In 2012, under manager Roberto Mancini, City won their first Premier League title, but Mancini was replaced in 2013 by Manuel Pellegrini, who led them to a second league title in 2014. However, the club faced financial scrutiny from UEFA, which fined them €60m for breaching financial fair play (FFP) rules. In 2017, Pep Guardiola became manager, bringing in high-profile signings like John Stones and Leroy Sané. While the 2017-18 season saw a record 100-point Premier League campaign, a domestic treble in 2019 was later overshadowed by UEFA investigations into financial irregularities. In 2020, a ban from the Champions League was overturned on appeal, allowing City to continue competing at the top level. In 2022, Manchester City signed Jack Grealish for a record £100m and secured their fifth Premier League title. The 2022-23 season, which included a historic treble, solidified their status as one of the most dominant clubs in English football. However, by 2026, challenges emerged, including a painful FA Cup final loss and a reported guilty verdict on most of the over 100 charges from the Premier League. Despite these setbacks, the club continued to invest in new talent, signaling a period of transition and uncertainty in the future.