Man City owner to sell US$500 mil stake to US private equity group

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

Abu Dhabi firm aims to retain its majority ownership of CFG. FMTNews ManchesterCity

The US private equity firm aims to hold its stake for about 10 years but could also seek to cash out through an initial public offering or selling to another private investor, FT reported.The English Premier League champions drew in record revenue of £535.

2 million in a fifth consecutive year of profitability in 2018-19, marking their 11th straight year of revenue growth under the ownership of the Abu Dhabi royal family.CFG and Silver Lake were not immediately available for comment outside regular business hours.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Manchester City owner to sell US$500m stake valuing itself at US$4.8b -FTThe owner of English Premier League champions Manchester City is selling a US$500 million stake to private equity firm Silver Lake, valuing the soccer club’s owner at US$4.8 billion, the Financial Times reported on Wednesday, citing people with knowledge of the deal.
Source: NST_Online - 🏆 17. / 53 Read more »

Man City go through despite laboured draw with ShakhtarMANCHESTER, England (Reuters) - Manchester City reached the Champions League's last 16 despite an unconvincing 1-1 draw at home to Ukraine's Shakhtar Donetsk at the Etihad Stadium on Tuesday.
Source: staronline - 🏆 4. / 75 Read more »

Manchester City owner to sell $500 million stake valuing itself at $4.8 billion - FT(Reuters) - The owner of English Premier League champions Manchester City is selling a $500 million (£389.71 million) stake to private equity firm Silver Lake, valuing the soccer club's owner at $4.8 billion, the Financial Times reported on Wednesday, citing people with knowledge of the deal.
Source: staronline - 🏆 4. / 75 Read more »

DBKL to consider residents’ needs and those who work here when developing cityOpinions wanted! DBKL is currently seeking community feedback for The Draft Kuala Lumpur Structure Plan 2040. (Details inside)
Source: staronline - 🏆 4. / 75 Read more »

Traffic delays as another sinkhole appears in city centreKUALA LUMPUR: Road users along Jalan Pinang here are facing travel delays due to a burst pipe. Paip sape pecah skrg Godzilla datang ni Can we improvise sink holes for tunnels to Penang or Singapore. Just a thought.
Source: NST_Online - 🏆 17. / 53 Read more »

Sluggish City through to last 16 despite Shakhtar drawIlkay Gundogan's strike means Pep Guardiola's side top Group C with a game to spare. FMTNews ManCity
Source: fmtoday - 🏆 5. / 72 Read more »