China Media Capital-led consortium backs CFG for $400M
December 02, 2015
An investor consortium led by China Media Capital is acquiring an over 13% stake in City Football Group for $400 million. The company, which is valued at $3 billion with the deal, owns football clubs and businesses including Manchester City FC, New York City FC and Melbourne City FC. CFG will use the capital to fund its growth in China, further international business expansion opportunities and develop its infrastructure assets. The Abu Dhabi United Group is an existing investor in CFG.