Private equity firm Silver Lake buys $500 million stake in Manchester City: report [MarketWatch]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: MarketWatch
Private equity firm Silver Lake buys $500 million stake in Manchester City: report Silicon Valley private equity firm Silver Lake Partners is reportedly buying a $500 million stake in Manchester City, at a valuation that would make the English soccer team one of the world’s most expensive sports franchises. The Financial Times first reported the deal , which it said is expected to be officially announced Wednesday. The FT said Silver Lake is buying a 10% stake in the English Premier League powerhouse, valuing the team at $4.8 billion. While the FT reported that would be a record valuation, this year’s Forbes list of most valuable sports teams ranks the Dallas Cowboys at No. 1, with a valuation of $5 billion. The Forbes list ranked Man City 25th, at $2.69 billion as of July. Man City won the Premier League last season, and swept a domestic treble, but is currently stuck in third place. Its majority owner is Sheikh Mansour bin Zayed Al Nahyan, a member of Abu Dhabi’s royal family. Sinc
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BABA
Earnings
- 2/7/24 - Beat
BABA
Sec Filings
- 4/2/24 - Form 6-K
- 3/26/24 - Form 6-K
- 2/23/24 - Form 20-F/A
- BABA's page on the SEC website