Silver Lake Buys Stake in Manchester City Owner

  • Private equity firm Silver Lake is upping its stake in one of the world's largest soccer team consortiums.
  • City Football Group owns Manchester City, NYCFC, and many other teams around the world.
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A stake in one of the biggest soccer ownership groups in the world has moved from China to California.

Silicon Valley private equity firm Silver Lake has bought much of China Media Capital’s stake in City Football Group. CFG owns Manchester City, New York City Football Club, Melbourne City Football Club, and at least seven other teams around the world.

  • Silver Lake now owns more than 18% of CFG.
  • The firm, which has $92 billion in assets under management, bought a 10% stake in CFG in 2019 for $500 million, then shares from CMC over the next two years, growing its stake to 14.5%. 
  • CFG majority shareholder Newton Investment and Development, owned by Sheikh Mansour bin Zayed Al Nahyan of Abu Dhabi, also increased its stake. 

Silver Lake’s diverse portfolio includes stakes in Endeavor, LEARFIELD, Oak View Group, Madison Square Garden Sports, and Equinox.


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