Football or football, you decide
Emailed on December 6th 2019 in The Friday Forward
Silver Lake agreed to invest $500 million for just over a 10% stake in City Football Group, owner of reigning English Premier League champs Manchester City and other soccer clubs, from Abu Dhabi United Group.
It makes CFG, now valued at $4.8 billion, the world’s most valuable soccer group.
“Silver Lake made its name investing in technology companies but has pivoted in recent years to entertainment... It had approached other leading English and European clubs, including Chelsea... attracted by the multi-billion-dollar prices paid for football media rights by broadcasters and Internet groups.” — Murad Ahmed, The Financial Times
America's Context: the Dallas Cowboys, a team that pretty much no one outside Dallas likes (don't @ me), is valued at $5.5 billion.