Manchester city’s Billionare owners have agreed to sell 10% of the city football group to US private equity firm silver lake for $500m according to the financial times.
City football group which includes Manchester city and other affiliated teams in the U.S and china among others has a valuation of $4.8b making it the most valued sporting entity in the word head and shoulders above city rivals Manchester united who are valued at $2.8b
Silver lake have invested in Skype,Alibaba and the UFC among others.It is reported that they approached other big premier league clubs including Chelsea.