Although City did not disclose the amount paid by Sheikh Mansour, auctioneers Bonhams announced that particular item of silverware was sold for £760,000 ($1.03m) to an anonymous buyer when it was auctioned on Sept. 29 last year.
On Friday, City confirmed the purchase and their intention of loaning it back to the National Football Museum in Manchester, where it has been housed since 2005.
Meanwhile, Pep Guardiola side will face Birmingham City in the third round on the FA Cup on Sunday.
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