PARIS (Reuters) – Private equity firm Silver Lake has agreed to make a $500 million equity investment into the owners of English soccer champions Manchester City, valuing the Premier League club’s owner at $4.8 billion.
Silver Lake will buy just over 10% of Abu Dhabi-controlled City Football Group (CFG), which owns Manchester City, the companies said on Wednesday, confirming an earlier report in the Financial Times.
Europe’s top soccer clubs have drawn in big money from some of the world’s richest oligarchs over the last decade, as the game attracts more and more fans in lucrative markets such as Asia, the United States and the Middle East.
The clubs’ property portfolios are also often seen as lucrative assets.
Man City’s big domestic rival Manchester United (MANU.N) are owned by the American Glazer family, while French champions Paris Saint Germain are owned by Qatar Sports Investments.
“Silver Lake is a global leader in technology investing, and we are delighted by…
Source news reuters.com, click here to read the full news.
