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

FILE PHOTO: Soccer Football - Premier League - Brighton & Hove Albion v Manchester City - The American Express Community Stadium, Brighton, Britain - May 12, 2019 Manchester City players pose with the trophy as they celebrate winning the Premier League 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 price tag. Tech-focused Silver Lake will buy just over 10% of City Football Group (CFG), which owns reigning English Premier […]

Continue reading this article with a Fiji Times online membership.

More Stories