LONDON (Reuters) - Chinese investors are paying $400 million (£265 million) for a stake in the group that owns football clubs including England's Manchester City and New York City FC, the country's most significant overseas investment in the game.
The consortium is led by China Media Capital (CMC) Holdings and CITIC Capital and will take a stake of more than 13 percent in City Football Group. The deal values the Abu Dhabi-owned City Football Group at $3 billion, it said on Tuesday.
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