Manchester City Football Club dates back to 1894, when Ardwick A.F.C. dissolved and were reformed as Manchester City Football Club Ltd. Over recent years, the ownership and finances of Manchester City Football Club have been tumultuous with various owners of contrasting fortunes much in line with their inconsistent trend on the pitch. The club is currently owned by the City Football Group, a British-based holding company; with the majority stake owned by the Abu Dhabi United Group, a smaller consortium of owners from the United States and China collectively own 24%.