Post by Carl LaFong on Nov 27, 2019 13:22:11 GMT
.. ation.
The parent company of Premier League champions Manchester City has announced a £389m investment from US private equity firm Silver Lake.
The deal breaks a record in global sports valuations, making holding company City Football Group (CFG) worth £3.73bn ($4.8bn).
The US private equity firm is buying around 10% of CFG's worldwide business.
City are currently third in the Premier League, and have qualified for the Champions League last 16.
CFG has a stake in seven football clubs across the world, including in the US, Australia, Japan and China.
www.bbc.co.uk/news/business-50570117
The parent company of Premier League champions Manchester City has announced a £389m investment from US private equity firm Silver Lake.
The deal breaks a record in global sports valuations, making holding company City Football Group (CFG) worth £3.73bn ($4.8bn).
The US private equity firm is buying around 10% of CFG's worldwide business.
City are currently third in the Premier League, and have qualified for the Champions League last 16.
CFG has a stake in seven football clubs across the world, including in the US, Australia, Japan and China.
www.bbc.co.uk/news/business-50570117