Sir Howard Bernstein, Chief Executive of Manchester City Council, is among the representatives invited to talks with the Abu Dhabi consortium which bought the club earlier this week, according to the Manchester Evening News.
He said the investment was "great news" which showed investors' confidence in Greater Manchester and welcomed further developments outside the football sector.
Sir Howard told the newspaper: "The financial might of the new investors means there is the possibility of investment beyond football, and that is something we want to explore with the new owners.
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Colin Sinclair, Head of Greater Manchester inward investment agency MIDAS, who has also been invited to the discussions, said there are strong business opportunities for the consortium in the city.
The financial might of the new investors means there is the possibility of investment beyond football, and that is something we want to explore with the new owners
Sir Howard Bernstein
Chief Executive
Manchester City Council
In addition, he revealed the talks will be an opportunity to outline the future vision of Manchester and its investment priorities, adding that he expects sovereign wealth funds to invest further in the region, the news provider reports.
Last month, MIDAS claimed that Manchester's sport sector contributes a "significant amount" to the local and national economy.
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