City Football Group, which owns Manchester City, has announced a new partnership with a consortium of Chinese investors led by China Media Capital (CMC) Holdings. CMC Holdings is China’s leading media, entertainment, sports and internet dedicated investment and operating company, and along with CITIC Capital will invest US$400m to buy a stake of 13% in a deal which values City Football Group at US$3 billion.
The move will allow City Football Group (CFG) to further their global presence and will create a platform for the growth of the CFG clubs and companies in China and internationally.