Manchester City become world's highest valued football club with new US investor on board

Premier League champions Manchester City have become most valuable football club in world. It is reported that a US-based firm has decided to buy a 10% stake in club. owners of Manchester City have agreed to sell ir shares worth £389 million to an American venture capital firm, Silver Lake.

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City Football Group comprises of seven clubs

City Football Group (CFG) comprises of Premier League champions and six satellite clubs around world. It is valued at $3.74 billion presently, and have witnessed a significant increase in most recent estimates of its value. Silver Lake will invest $500 million into City Football Group, which would increase company’s valuation to $4.8 billion. This deal means that City Football Group are at top of global rich list ahe of likes of Real Mrid, Barcelona and Manchester United.

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CFG chairman Khaldoon Al Mubarak and Silver Lake managing partner Egon Durban have signed deal on Saturday, vember 23, 2019 according to media reports. Sheikh Mansour bin Zayed Al Nahyan, a member of Abu Dhabi Royal Family, h bought Manchester City in 2008. club have spent a lot of money to buy players since arrival of Pep Guardiola. club have been investing in order to turn club into a team capable of winning Champions League.

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City Football Group owns shares in several clubs across different continents. teams include Yokohama Maris from Japan, Club Atletico Torque from Uruguay, Girona from Spain, New York City FC and Melbourne City Football Club, as well as Manchester City. group h also bought Sichuan Jiuniu FC in China League Two in February 2019.

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