Manchester City investment from US breaks global sports valuation



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.
'Premium sports content'Group chairman... read more

 
27 November 2019 in Sport, Views: 96
Source: BBC
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31