Manchester City Attract Massive Investment Partner
By David Crook
News is emerging this morning that a new partner has invested massively in Manchester City parent group – The City Football Group overnight.
When Sheikh Mansour bought Manchester City for aroynd £200 million back in 2008, he established a clear business strategy to become the largest football club in World Football.
The news today that Silver Lake Partners have invested some $500 million in the business appears to be the clearest vindication yet that Sheikh Mansour has achieved his initial aims.
Silver Lake Partners are a strategic investment business from the United States who specialise in technology investment, although recently have started to branch out into entertainment industries.
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The $500 million investment into the CFG is for a stake of around 10%, valuing the group at an astonishing $4.8 billion. That sum dwarfs the valuation of every sports club business in the world. For comparison, Manchester United’s valuation is around $2.8 billion.
According to some of the initial briefings given to the media, this new investment seems to specifically allow for this additional capital which has been raised, to be used to fund further capital investment projects and propel future business growth.
The intention would appear to be to finance the finest stages of the acquisition of Mumbai FC, who would be the latest club to join the CFG stable, concluding long held plans to enter the Indian Premier League.
Also money would be used to complete the long awaited stadium project in New York City. Sunce their inception, our US club has been forced to play their games at a baseball stadium. A dedicated football stadium in New York will allow the franchise to fully grow.
All of this sounds like continued excellent news for City fans as our club demonstrates strong performance in the board room and on the pitch!
This all means that the majority owner of CFG will continue to be Sheik Mansour, although his personal stake in the business reduces to 77%, with Silver Lake Partners holding 10% and the remaining being owned by a Chinese Investment Group.