• Loading stock data...
Saturday, May 10, 2025

Man City Owners Secure $650M For Club Network

Manchester City/Design: Alex Brooks

Sports holding company City Football Group, owner of Manchester City, has secured a seven-year, $650 million loan in one of the sport’s biggest debt deals.

The company will use the money underwritten by Barclays to invest in its 10-club international soccer network, including a new $1 billion arena for its Major League Soccer franchise, New York City FC. That plan is currently being held up due to a feud between the New York Yankees and the city of New York.

CFG has also organized a $138.2 million revolving credit facility with the same finance providers, according to The Financial Times.

City Football Group was valued at $4.8 billion in 2019 following the sale of a 10% stake to Silver Lake Partners for $500 million. China Media Capital owns another 12%.

  • Last year, CFG secured $2 billion from Abu Dhabi’s sovereign wealth fund Mubadala, which is run by Manchester City chair Khaldoon al-Mubarak. 
  • Manchester City had to pay roughly $5.2 million for taking part in the short-lived Super League. Forbes reported in April that the team lost $172 million in 2019-2020, partly due to the pandemic.
  • In May, CFG entered a joint venture with Oak View Group to build Co-op Live, a $495 million indoor music and entertainment arena next to Man City’s stadium.

City Football Group was founded in 2013 as a part of the UAE’s deputy prime minister’s Abu Dhabi United Group.

Under Sheikh Mansour’s ownership, roughly $3.5 billion has been invested in Man City, leading to five Premier League titles. Mansour is worth an estimated $22 billion.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

U.S. Soccer Federation president Carlos Cordeiro (left) and Sunil Gulati (center) and MLS commissioner Don Garber (right) pose for a photo.

Billionaire Who Chaired NASL Admits He Used Burner Account to Attack MLS,..

Rocco Commisso, the Mediacom founder, compared the MLS commissioner to Harvey Weinstein.

Premier League Clubs Claim 14 of Top 30 Revenues, but Real Madrid..

Real Madrid becomes the first club to surpass €1 billion in annual revenue.
Aug 3, 2024; Columbus, OH, USA; Manchester City forward Erling Haaland (9) walks off the field after scoring three goals to to beat Chelsea 4-2 during the FC Series game at Ohio Stadium

Erling Haaland Signs Historic Contract to Stay With Man City Through 2034

The contract is for nearly 10 years, setting a new Premier League record.

Manchester City’s On-Field Collapse Deepens With Charges Looming

The team that dominated England for years is in a historic slump.

Featured Today

‘Ultimate Throwback’: The Unimpeachable Cool of Hartford Whalers Gear

Nostalgia and street cred have driven a consistent frenzy for merch.
January 20, 2024; Santa Clara, CA, USA; Kristin Juszczyk, wife of San Francisco 49ers fullback Kyle Juszczyk (44), before a 2024 NFC divisional round game against the Green Bay Packers at Levi's Stadium.
February 1, 2025

The New WAGs: Sports Wives Building Business Empires

Athletes’ wives and girlfriends are bucking stereotypes and cashing in.
Feb 3, 2019; Berkeley, CA, USA; California Golden Bears mascot dances on the court during a stoppage in play in the second half against the Stanford Cardinal at Haas Pavilion.
January 31, 2025

The Toll of Bicoastal Travel on New ACC Members Cal and Stanford

Cal and Stanford face missed flights, chaotic sleep schedules, and academic demands.
January 28, 2025

It’s Starting to Pay to Be Good at Cornhole

American Cornhole League players made $7.7 million in 2024.

Commanders Don’t Yet Control RFK Stadium Site. An Architect Has Grand Plans..

Architect Kyle Murphy seeks a “truly national stadium.”
January 16, 2025

Caitlin Clark Effect Fuels Fever’s New $78M Downtown Training Center

The WNBA club is the latest to develop a new practice facility.
January 27, 2025

Rays Stadium Deal in Trouble: Owner Raises Concerns Over Funding Delays

The MLB club still has concerns about an agreed-to stadium deal.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Sep 8, 2024; Cleveland, Ohio, USA; Cleveland Browns quarterback Deshaun Watson (4) runs the ball while looking for a receiver against the Dallas Cowboys during the first quarter at Huntington Bank Field.
January 15, 2025

Cleveland Countersues Browns As Stadium Dispute Escalates

The Browns want to build a $2.4 billion dome in the suburbs.
Apr 7, 2022; Atlanta, Georgia, USA; A general view of fans outside of Truist Park before the game on Opening Day between the Atlanta Braves and Cincinnati Reds.
January 14, 2025

Philly Rips Page From Rival Playbook With Sports Complex Revamp

Philadelphia’s mayor frequently touts the influential Braves development.
January 13, 2025

76ers Choose to Stay in South Philly, Scarred by Protests and Opposition

The pact also includes Comcast acquiring a stake in the 76ers.
Josh Harris
January 13, 2025

Commanders, Sixers Owner Josh Harris Had a Wild, Historic Sunday

The tri-city team owner crossed two big milestones Sunday.