Manchester City investment from US breaks global sports valuation
Image copyright PA Media
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…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.