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Manchester City group worth $4.8 billion after Silver Lake buy 10 percent

Ale Moreno says Man City's comeback win over Chelsea kept the door to the Premier League title slightly open.

The owner of English Premier League champions Manchester City has sold a $500 million stake to private equity firm Silver Lake, valuing Abu Dhabi-controlled City Football Group (CFG) at $4.8 billion.

The Financial Times were first to report the deal on Wednesday.

Silver Lake will buy just over 10% of CFG, which owns Manchester City and six other football clubs worldwide, including New York City FC in MLS and Melbourne City in the Australian A-League.

"Silver Lake is a global leader in technology...

Manchester City ownership group eye India club investment in 2019

The parent company of Premier League champions Manchester City, MLS franchise New York City FC and A-League club Melbourne City expect to add a team in India before the end of the year.

City Football Group (CFG), which also owns Japan's Yokohama F Marinos, Club Atletico Torque in Uruguay and FC Girona of Spain, bought a stake in third-tier Chinese side Sichuan Jiuniu in February.

And chief executive Ferran Soriano said CFG could add "two or three" more clubs to their portfolio with India, where...