Sheikh Mansour invests another £100 million in City Football Group
Palermo Manchester City
Sheikh Mansour has injected £100 million, around €115 million, into City Football Group, the holding company that controls Manchester City and other clubs around the world, including Palermo. The transaction, which took place on October 14 through the issue of new shares, raises the owner's stake to around 81% of the capital, while the remaining share is held mostly by the fund Silver Lake. A spokesperson for the group explained that the funds will be used to finance investments foreseen by the strategic plans. Based on the price of the new shares, the capital increase values the group at around £5.9 billion, or roughly €7 billion.
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