Paris — Private equity firm Silver Lake has agreed to make a $500m equity investment into the owners of English football champions Manchester City, valuing the Premier League club’s owner at $4.8bn.
Europe’s top football clubs have drawn in big money from some of the world’s richest oligarchs over the past decade, as the game attracts more and more fans in lucrative markets such as Asia, the US and the Middle East. The clubs’ property portfolios are also often seen as lucrative assets. Man City’s big domestic rival, Manchester United, are owned by the American Glazer family, while French champions Paris Saint Germain are owned by Qatar Sports Investments.
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