Kieran Maguire issues '£5bn' Man City reveal as new shareholder deal complete
Man City parent company shareholders Silver Lake value the club at over £5billion.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about Silver Lake’s latest purchase of equity in City Football Group.
A source told Football Insider last Thursday (24 November) that China Media Capital were poised to withdraw entirely from the 11-team network.
They now have just a one per cent stake in the group after it was confirmed that they had sold another seven per cent to American investment firm Silver Lake.
That leaves Silver Lake with 18 per cent of the shares in City Football Group.
Maguire claims that the company, which is about to acquire its 12th club in the form of Brazilian outfit Bahia, dwarfs both Liverpool and Man United when it comes to value.
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“The sale of Chelsea was for £2.5bn and the respective asking prices of Liverpool and Man United are probably going to be in the region of £3.5bn to £4.5bn,” he told Football Insider’s Adam Williams.
“City Football Group, which consists of 12 teams, would have to be at a premium compared to those valuations.
“When Silver Lake officially bought its stake in Man City, it valued the club at £5bn. There has likely to have been an increase in valuation since then.
“City themselves won’t have earned any money because it’s the sale of shares between two existing shareholders.
“I think the sale does indicate that A) Silver Lake have bought into the multi-club ownership model and B) that Man City’s domestic success will help the club to further accelerate its commercial revenues going forwards.“
In other news, Man City willing to sell Jack Grealish in exchange for ‘sensational’ signing