With cracking a deal for a significant investment in the club for US $500 Million (€454 million) by the owner of English Premier League champions Manchester City, in this deal, they break a new record in sports valuations.
An announcement by Silver Lake, an American private equity firm, says the deal is equivalent to just over 10% of the new value of the owning company, City Football Group (CFG), which is estimated at the US $4.8 billion (€4.36 billion).
As per valuations published in Forbes in July-19, after breaking this record, it makes the club’s second most expensive franchise in the world and the most costly sports franchise in Europe.
The same news was published in the Forbes at the time when Manchester City was at 25th place, but in the last week’s valuation gives a big jump for Manchester City.
Prior to this valuation, Real Madrid was at the highest point of the charts for the most valuable sports franchise in Europe, trailed by Barcelona.
Manchester City was at 25th place in the July table, but the recent valuation has jumped them up to 2nd place.
Ultimately, Manchester City’s prosperity will be evaluated by its performance on the field. The club won the first of its four English Premier League titles in 2012 however presently can’t seem to reach the Champions League final. At the last evening, team qualified for last-16 of the current year’s competition.