fc: Silver Lake will take a 10% stake in City Football Group CFG owner of the English Premier League powerhouse, in a deal that values the team at 4.8 billion, according to Market Watch. A statement from CFG said the investment will be used to fund international business growth opportunities and develop further CFG technology and infrastructure assets. The deal was confirmed after an earlier report in the Financial Times. CFG also owns New York City FC, Melbourne City FC, Yokohama F. Marinos in Japan, Club Atl tico Torque in Uruguay, Girona FC in Spain and Sichuan Jiuniu FC in China. But the new stake brings the club all the way up to No. 2, where the New York Yankees had sat with a valuation of 4.6 billion. As of July, Man City was ranked 25th, with a value of 2.69 billion on Forbes list of most valuable sports teams.
(news.financializer.com). As
reported in the news.
Tagged under fc, values team topics.