Manchester City owner scores $4.8 billion price tag with stake sale


  • Football
  • Wednesday, 27 Nov 2019

FILE PHOTO: Soccer Football - Champions League - Group Stage - Group F - Olympique Lyonnais v Manchester City - Groupama Stadium, Lyon, France - November 27, 2018 General view of the Manchester City emblem before the match Action Images via Reuters/John Sibley

LONDON/PARIS (Reuters) - Manchester City's Abu Dhabi-controlled owner has agreed to sell a $500 million stake to U.S. private equity firm Silver Lake, making it the world's most valuable soccer group with a $4.8 billion (£3.7 billion) price tag.

Tech-focused Silver Lake will buy just over 10% of City Football Group (CFG), which owns reigning English Premier League champions Manchester City and teams in the United States, Australia and China, the companies said on Wednesday.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Football

Soccer-Wasteful Girona held to dramatic 2-2 draw at Alaves
Soccer-Brest's hopes of second spot fade after 1-1 draw with Reims
Soccer-Inter thrash Frosinone 5-0 for season's best win
Soccer-Stuttgart beat Augsburg with record win to take over second place
Soccer-Moyes says leaving West Ham is right for him and club
French soccer star Mbappe confirms he will leave Paris Saint Germain
Soccer-Endrick in, Casemiro and Richarlison out of Brazil's Copa America squad
Soccer-Vinicius very close to first Ballon d'Or win, says Ancelotti
Soccer-Pioli wants Milan to finish season on a high
Soccer-Postecoglou has no qualms in disappointing King Charles and relegating Burnley

Others Also Read