Manchester City's owners have received a $500 million cash injection from a United States-based private equity firm.
An agreement has been reached that will see technology investors Silver Lake pay the sum, equivalent to around £390 million, to acquire just over 10 per cent of City Football Group (CFG).
The deal values the Abu Dhabi-controlled company at $4.8 billion (£3.7bn).
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Silver Lake becomes CFG's second major partner, following a Chinese consortium led by China Media Capital that purchased around 12 per cent in December 2015.
According to a statement from CFG, the investment will "fund international business growth opportunities and develop further CFG technology and infrastructure assets".