According to a report in the UK's Financial Times, the deal will net the club $67.68m (EUR68.64m).
Revenues have been secured courtesy of the club's upcoming move to the 48,000-seater new stadium recently used for the Commonwealth Games.
Despite recently tumbling down the professional soccer leagues in England, City has remained a huge draw for its fans - a key factor in the new financing deal being secured.
This form of securing new funds is becoming increasingly popular in soccer circles, as clubs look to generate major new revenues.
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