Manchester City deal a milestone in PE sport foray

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Manchester City deal a milestone in PE sport foray

Sam Kerr
November 28, 2019 03:45 pm
Etihad_City_PA_230x150_Nov28.jpg
Manchester City's players and staff celebrate on stage in front of the fans in the crowd during the celebrations at the Etihad Stadium after securing the Premier League title earlier in the day with their win at Brighton and Hove Albion. | Anthony Devlin/PA Archive/PA Images

Private equity firm Silver Lake acquired a 10% stake in City Football Group (CFG), the holding company that owns Manchester City FC, for $500m on Wednesday. The deal has been greeted as a watershed in the way football clubs are financed and is tipped to spark copycat deals.

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