• About
  • Contact
Thursday, January 28, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home Media

Manchester City Becomes Most Valuable Football Club In World

Pritish raj by Pritish raj
November 29, 2019
in Media, News
2 min read
0
Manchester City - Next Big Brand

Manchester City - Next Big Brand

Share on FacebookShare on Twitter

Since securing a mammoth $500 million investment from American private equity firm Silver Lake, Premier League champions Manchester City have become the most valuable football club in the world.

Although known primarily for its strong technology spending, Silver Lake will now own a 10 percent minority share in one of the world’s leading football clubs, putting CFG’s value at a whopping $4.8 billion.

As a result of the transaction, CFG headquartered in Abu Dhabi is now within touching distance of the $5.5 billion value given to the NFL giants, the Dallas Cowboys–the most valuable sports team in the world.

Those who are loyal to the people will presumably be pleased to hear that the Abu Dhabi-owned company has left their football rivalry far behind, with the likes of Real Madrid ($4.2 billion), Barcelona ($3.99 billion) and fierce rivals Manchester United ($3.8 billion) now eating their proverbial dust.

It is important to note that CFG is investors in no less than seven clubs, given their strong focus on the champions of the Premier League, with the most prominent teams in that amount being the New York City FC, Girona, and Melbourne City FC.

Speaking immediately after this groundbreaking agreement, CFG President Khaldoon al-Mubarak shared his enthusiasm for the partnership that will be shared between both parties moving forward.

“We and Silver Lake share a strong interest in the opportunities offered by the convergence of culture, sports and innovation and the potential ability of CFG to drive long-term growth and new revenue streams globally.”

Currently, the city is fifth in the Premier League table, nine points behind Liverpool, with Pep Guardiola’s men aiming to win the title for a third consecutive season.

Manchester City Club- Next Big Brand
The main squad of Manchester City.

They secured their spot on Tuesday night in the knockout stages of the Champions League with a 1-1 draw at home to Shakhtar Donetsk.

The City Football Group (CFG) is a holding company under Abu Dhabi United Group (ADUG) controlled by association football clubs. It is part-owned along with Silver Lake by the Chinese companies China Media Capital and CITIC Capital.

Manchester City F.C. is the flagship team of the organization. In the Premier League of England. It also owns sections of the U.S., Australia, Japan, Spain, Uruguay, China, and India clubs. The goal of the organization is to own a team on each continent, each with the name of the “City” identifier.

City Football Group (CFG) has settled on an agreement to buy a majority stake in its eighth Indian Super League side, Mumbai City FC, which marks a major move into Indian soccer. CFG will become the Club’s 65% majority shareholder, along with existing shareholders, acclaimed actor and film producer, Ranbir Kapoor and Bimal Parekh, who together will own the remaining 35%.

With increasing their presence in each continent, CFG is looking to dominate the footballing world with all the takeovers.

Previous Post

Mukesh Ambani Might Sell Network18 Media To Times Group

Next Post

Ambani surpasses Google founders to become the 9th Richest Person in the World

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Aditya Birla Fashion and Retail Strengthens its Apparel portfolio with 51% Stake in Sabyasachi
News

Aditya Birla Fashion and Retail Strengthens its Apparel portfolio with 51% Stake in Sabyasachi

January 28, 2021
Reckitt Benckiser (RB) leads INR 45 Crores investment round in Bombay Shaving Company
News

Reckitt Benckiser (RB) leads INR 45 Crores investment round in Bombay Shaving Company

January 28, 2021
FAU-G confirms its India Debut on 26 Jan
News

FAU-G Completes 5 Million Downloads Within 24 hrs of its Launch

January 27, 2021
ByteDance to Lay Off Employees in India Amid TikTok Ban Continuation
News

ByteDance to Lay Off Employees in India Amid TikTok Ban Continuation

January 27, 2021
Twitter Acquires Dutch Based Newsletter Startup Revue
News

Twitter Acquires Dutch Based Newsletter Startup Revue

January 27, 2021
Padma Shri for Zoho Founder Sridhar Vembu and Business Tycoon Mrs. Rajni Bector
News

Padma Shri for Zoho Founder Sridhar Vembu and Business Tycoon Mrs. Rajni Bector

January 26, 2021
Next Post
ambani-mukesh-source-reuters.com

Ambani surpasses Google founders to become the 9th Richest Person in the World

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

PSU-Bank-Merger-India-Nirmala-Sitharaman-nextbigbrand-in

10 Public Sector Banks to be Merged Into Four

1 year ago
Flipkart Arvind Fashions- Next Big Brand

Flipkart Invests $35 Million In Arvind Fashions To Target Youth

7 months ago
coca cola - NextBigBrand

Coca-Cola targets coffee market, After Costa enters talks with CCD

2 years ago
Byju Gets $200mn Funding By Tigers. Elevates Ed-Tech To Another Level

Byju Gets $200mn Funding By Tigers. Elevates Ed-Tech To Another Level

1 year ago

FOLLOW US

  • 22.6k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Aditya Birla Fashion and Retail Strengthens its Apparel portfolio with 51% Stake in Sabyasachi
  • Reckitt Benckiser (RB) leads INR 45 Crores investment round in Bombay Shaving Company
  • FAU-G Completes 5 Million Downloads Within 24 hrs of its Launch

Instagram

Follow Me!

Latest News

Aditya Birla Fashion and Retail Strengthens its Apparel portfolio with 51% Stake in Sabyasachi

Aditya Birla Fashion and Retail Strengthens its Apparel portfolio with 51% Stake in Sabyasachi

January 28, 2021
Reckitt Benckiser (RB) leads INR 45 Crores investment round in Bombay Shaving Company

Reckitt Benckiser (RB) leads INR 45 Crores investment round in Bombay Shaving Company

January 28, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.