Man city $500m sale breaks record

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.

By Abdisitar Ali

Football transfer news,rumours and many more

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