Silver Lake ups stake in City Football Group as CMC steps back

The Etihad Stadium, home of Manchester City (by Pedro Salado/Quality Sport Images/Getty Images)
The Etihad Stadium, home of Manchester City (by Pedro Salado/Quality Sport Images/Getty Images)

US private equity firm Silver Lake has further increased its stake in City Football Group (CFG) through a deal that reduces the interest of China Media Capital (CMC) in the parent company of English Premier League club Manchester City and several other teams around the world to just one per cent.

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