Manchester City are the football giant that just keeps getting bigger and bigger by the day.
The Premier League champions announced a £389million investment from American private equity firm Silver Lake this week, and the deal takes the overall value of the City Football Group at a whopping £3.73billion.
That’s more than a billion more than rivals Manchester United, who are valued at £2.2bn on the New York stock exchange. Amazingly, the deal actually breaks the global sports valuations record. This is serious, serious money.
CFG have a stake in seven clubs and, according to the Financial Times, they are now looking to add more to their portfolio in 'aggressive expansion plans'.
Right now, City’s holding company also own New York City and Melbourne City as well as Club Atletico Torque in Uruguay and Sichuan Jiuniu in China.
As well as that, they obtained 44.3 percent of Girona, who were relegated to the Spanish second tier from La Liga this season, and own a 20% stake in J-League outfit Yokohama F. Marinos.
There are plenty of big names who have plied their trades with City’s satelitte clubs in recent years, while others have made their name as part of the CFG family before going on to bigger and better things.
Over two seasons, Douglas Luiz featured 38 times for Girona as part of the link-up before earning a £10.7m move to Aston Villa this summer.
Then there is the rise of Australia midfielder Aaron Mooy, who was picked up by Melbourne City from Western Sydney Wanderers in 2014 before making the move to Manchester City and immediately being loaned out to Championship side Huddersfield. After leading the Terriers to the Premier League he made a £10m permanent move to the John Smith’s Stadium before heading back to the top flight via a loan move to Brighton following Huddersfield’s relegation last summer.
Other notable names to be involved in the wider projects include Patrick Vieira, who managed New York City in the MLS after working with the Manchester club’s development side upon retiring from playing.
The New York club has also been the home of the likes of David Villa, Frank Lampard and Andrea Pirlo during the latter years of their respective careers.
There’s simply no stopping the growth of the City family.
CFG chairman Khaldoon Al Mubarak said: “Silver Lake is a global leader in technology investing, and we are delighted by both the validation that their investment in CFG represents, and the opportunities for further growth that their partnership brings.
“We and Silver Lake share strong belief in the opportunities being presented by the convergence of entertainment, sports and technology and the resulting ability for CFG to generate long-term growth and new revenue streams globally.”
Silver Lake reportedly made an approach for Chelsea in the past having invested in companies such as Skype, and now boasts a 10% stake in CFG.
Earlier this month, City announced they had brought in a record £535.2m last season and it was the 11th season in a row in which they had posted revenue growth.
After signing a mega £650m kit deal with Puma, the figures behind City are due to grow even further.
The CFG project shows no signs of slowing down.