Chinese group to buy 13% stake in Manchester City owner
The Shanghai-based private equity fund plans to invest $400 million in City Football Group
A Chinese consortium led by China Media Capital Holdings is investing $400 million (€378 million) in an Abu Dhabi-based company that owns Manchester City Football club, the top-ranked British Premier League team.
CMC, a Shanghai-based private equity fund that owns the broadcast rights to the Chinese Super League, is teaming up with CITIC Capital Holdings to buy 13 per cent of City Football Group, which also owns New York City Football Club and ...
