Manchester City owner sells 10% share for £389m to US private equity firm

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• Silver Lake deal values City Football Group at £3.74bn
• Ilkay Gündogan warns team to improve in Champions League

City Football Group, the owner of Manchester City, has sold a stake of just over 10% for $500m (£389.4m) to Silver Lake, an American private equity firm. The deal values the business at $4.8bn (£3.74bn), establishing it as one of the most valuable sports companies in the world.

It puts CFG’s value more than $1bn ahead of the $3.81bn worth attributed to Manchester United by Forbes in July. At that point City were valued at $2.69bn by Forbes and the Dallas Cowboys topped its list at $5bn. In September Forbes increased the Cowboys’ value to $5.5bn.

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from Football | The Guardian https://www.theguardian.com/football/2019/nov/27/manchester-city-sell-10-per-cent-share-us-private-equity-firm-silver-lake

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