Manchester City now part of world's most valuable football group, with a $4.8B price tag, after Abu Dhabi-controlled owner agreed to sell $500M stake to US firm Silver Lake
Manchester City players pose for a team group photo before the Manchester City v Shakhtar Donetsk match at Etihad Stadium in Manchester, Britain on November 26, 2019.
The investment crowns a rags-to-riches story for Manchester City over several decades which spent much of the 1990s in the doldrums but then broke into the big league of world football with the help of Middle Eastern cash. CFG, which also owns or partially owns New York City FC, Melbourne City FC, Yokohama F Marinos in Japan, Club Atletico Torque in Uruguay, Girona FC in Spain and Sichuan Jiuniu FC in China, said none of its existing shareholders were selling equity stakes as part of the Silver Lake deal.
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