Egyptian billionaire Mohammed Mansour has reached an agreement with Ghana’s Right To Dream which will see his newly established Man Sports entity assume majority control of the famous football academy.

Under the terms of the partnership, Man Sports will assume majority control of Right to Dream with Tom Vernon remaining the other significant shareholder.

Mr Mansour, the Founder and Chairman of Man Capital who has a personal net worth of $2.5billion will also become the Chairman of the Board of Right To Dream, while his son, Mr Loutfy Mansour, the CEO of Man Capital, will become a Board member.

A Right to Dream statement said the investment will help the iconic football institution expand and recruit more young players to hone their talents for the country.

"Man Capital LLP (“Man Capital”), owned by the famous Egyptian family, has formed the new footballing partnership with the Ghanaian outfit to also increase the coaching opportunities to retired former Ghana players to become world-class coaches," the statement said.

"The investment in Right To Dream by Man Capital, the UK-based investment arm of the Egyptian Mansour Group, a family-owned global conglomerate, is being made through Man Sports, a new entity established for the partnership, and will see investment designated to expand the activities of the Right To Dream academy in Ghana".

How Mansour made his billions

Mansour, 72, oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees

He established General Motors dealerships in Egypt in 1975, later becoming one of GM's biggest distributors worldwide.

Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries.

He served as Egypt's Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime.

His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital.

He holds a Master of Business Administration from Auburn University and is married with two children.

Mansour's father lost his fortune, when Egypt's then-president, Gamal Abdel Nasser, expropriated his cotton trading company in 1964.