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Manchester City Owner Sells $500 Million Stake to Private Equity

  • Silver Lake to acquire just over 10% of City Football Group
  • Valuation is among highest for a professional sports team
Manchester City v Shakhtar Donetsk: Group C - UEFA Champions League
Photographer: Simon Stacpoole/Offside/Offside
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Silver Lake Management’s expensive foray into British soccer reflects the soaring value of live matches in the streaming era and the potential for new apps to cash in on the global following of teams like Manchester City.