Manchester City owner sells $500 million worth stakes to a US investor company

An American investment group Silver Lake Partners has bought a little more than 10% stake in one of the elite football clubs for $500 million. According to the Financial Times, the City Football Group is currently worth $4.8 billion. Manchester City is City Football Group’s biggest asset. The City Football Group also manages seven clubs in all, in New York, Melbourne, Girona, China, Japan, and Uruguay. They reportedly have also put in an....