Manchester City owner raises $500m in stake sale to US PE firm Silver Lake

Manchester City owner raises $500m in stake sale to US PE firm Silver Lake

Egon Durban, a managing partner and managing director of Silver Lake and Khaldoon Al Mubarak, chairman of City Football Group. Source: Silver Lake, City Football Group

City Football Group (CFG), which administers association soccer clubs worldwide, announced on Wednesday that American technology-focused private equity firm Silver Lake has signed an agreement to make a $500-million equity investment in the company.