US tech company buys £389million stake in Man City and overtakes Manchester United worth

[alwaysagoodday]

Just seen that Manchester City's owners received a £389m cash injection from Silver Lake technology investors for ~10% of City Football Group.

https://www.bbc.com/news/business-50570117

Man United: The money will be used to fund “international business growth opportunities” and develop the technology and infrastructure of the group – which also includes New York City, Melbourne City, Girona, Yokohama F Marinos, Atletico Torque and Sichuan Jiuniu.

Silver Lake Investors: We are excited to partner with the board and CFG’s world-class management team to help drive the next phase of CFG’s growth in the fast-growing premium sports and entertainment content market.

Silver Lake Investors have recently announced the acquisition of a leading ticketing company .... https://www.theticketingbusiness.com/2019/10/04/teg-acquired-us-private-equity-giant-silver-lake/

Interesting to see how they will work together and how CFG will generate long-term growth and new revenue streams globally. - ticketing, events, merch, technology and lots more. What do you think?