China Media Capital Holdings and Citic Capital buy stake in Manchester City group

Chinese investors are paying $400m (€378m) for a stake in the group that owns soccer clubs including Manchester City and New York City FC, the country’s most significant overseas investment in the game.

China Media Capital Holdings and Citic Capital buy stake in Manchester City group
Wed, 02 Dec, 2015 - 00:00
Keith Weir

The consortium is led by China Media Capital Holdings (CMC) and Citic Capital and will take a stake of more than 13% in City Football Group.

The deal values the Abu Dhabi-owned City Football Group at $3bn (€2.83bn), it said yesterday.

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CourtsManchester CItyCity Football GroupPlace: Abu DhabiPlace: ChinaPlace: ManchesterPlace: BritainPlace: JapanPerson: Xi JinpingPerson: XiPerson: Sheikh MansourPerson: AbramovichPerson: Simon ChadwickEvent: English Premier LeagueOrganisation: China Media Capital HoldingsOrganisation: Citic CapitalOrganisation: Manchester CityOrganisation: New York City FCOrganisation: CMCOrganisation: City Football GroupOrganisation: Ireland Strategic Investment FundOrganisation: NTMAOrganisation: Abu Dhabi United GroupOrganisation: Manchester UnitedOrganisation: ArsenalOrganisation: LiverpoolOrganisation: ChelseaOrganisation: Dalian WandaOrganisation: Atletico MadridOrganisation: Salford UniversityOrganisation: Melbourne City FCOrganisation: Yokohama F Marinos
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