MX23RW : Sunday, December 8 13:11:00| >> :600:967536:967536:

Man City's holding company announces £389m investment

Man City's holding company announces £389m investment
© Reuters
The deal values CFG at £3.73billion.

Manchester City holding company City Football Group (CFG) has announced a £389million investment from American private equity firm Silver Lake.

The deal values CFG, which has a stake in seven clubs across the world, at £3.73billion and gives Silver Lake a stake of around 10 per cent.

CFG chairman Khaldoon Al Mubarak said: "Silver Lake is a global leader in technology investing, and we are delighted by both the validation that their investment in CFG represents, and the opportunities for further growth that their partnership brings.

🔵 #cfgsilverlake

— Manchester City (@ManCity) November 27, 2019

"We and Silver Lake share the strong belief in the opportunities being presented by the convergence of entertainment, sports and technology and the resulting ability for CFG to generate long-term growth and new revenue streams globally."

Egon Durban, managing director of Silver Lake, will represent the technology investors on the CFG board.

He said of the partnership: "We are excited to invest in CFG, which is redefining football globally and in doing so has successfully built an impressive global platform of marquee football clubs across five continents.

"We greatly respect CFG's stewardship of more than a century of football tradition and the strong global fanbases of its clubs.

"We are excited to partner with the board and CFG's world-class management team to help drive the next phase of CFG's growth in the fast-growing premium sports and entertainment content market."

body check tags ::

Click here for more stories about Manchester City

Share this article now:
Instagram - Follow Sports Mole
Manchester City's Raheem Sterling celebrates scoring their first goal against Aston Villa on October 26, 2019
Read Next:
Manchester City 'open talks with Raheem Sterling'

Premier League
Scottish League Cup
La Liga
Serie A
Ligue 1
Primeira Liga
Turkish Super Lig
Belgian Pro League
Greek Superleague
Russian Premier League
Ukrainian Premier League
Swiss Super League
Danish Superliga
Segunda Division
Serie B
Argentine Primera Division
Liga MX Playoffs
Australian A-League
Women's Super League
European Champions Cup

Subscribe to our Newsletter

Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!