"Winning this actual trophy in 1904 was a turning point for the club and for the city of Manchester in that it firmly cemented football in the heart of its community.
"Sheikh Mansour's view is that a trophy of such cultural significance must be shared with the people of Manchester, the English football family, and those who love the English game."
West Ham United co-owner David Gold, the previous owner of the trophy, sold it for 760,000 pounds ($1.03 million) at an auction in September 2020 with the winning bidder remaining anonymous.
Gold had bought the trophy in 2005 for 478,000 pounds during his time as chairman of Birmingham City.
Manchester City said the trophy has been offered on loan to the National Football Museum in Manchester, where it has been housed since 2005.