HomeNewsFinance & LawFootballGlobal

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)

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.

CFG has confirmed that Shanghai-headquartered public equity and venture capital firm CMC has sold 7.24 per cent of its shares in the group. Silver Lake has acquired half of these shares, with Abu Dhabi-based Newton Investment and Development, the controlling entity of Sheikh Mansour bin Zayed Al Nahyan, securing the remainder.

You need to have an account to access our content

Find out more about our news, features and services

Already have an account? Sign in here