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.

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