On Wednesday, it was announced that City Football Group had sold a percentage of their stake in the club to private United States consortium Silver Lake for a total of £389m – prompting Manchester City’s overall value to skyrocket.
Club holding company City Football Group is now worth an astonishing £3.73bn – virtually guaranteeing that the Sky Blues could announce a 12th successive year in profit by next season, with supporters reacting joyously to the news and rubbing it in the face of rival fans.
Payments from the new Puma kit deal will also start to take effect soon, with that bit of business injecting £45m a year into the club on top of their brand new investment stream from Silver Lake.
All of this positive news surrounding the club’s finances has prompted supporters to celebrate on social media – with three major shareholders from the UAE, China and now the US making up ‘another treble’.
Here’s what fans had to say on Twitter:
Arab,chinese and now american money,another treble completed
— mahrezone (@pr1ncemahrez) November 27, 2019
My club pic.twitter.com/LmrpSeqUMd
— Oh..ok (@Just_kyming) November 27, 2019
— Bib🏴🏆🏆🏆🏆🏆🏆🏆👕 (@Bib29823254) November 27, 2019
Could have a great game of city bingo on here.
— Kevin child (@Kevinchild6) November 27, 2019
— Mike (@drone_7g) November 27, 2019
So wait you’re telling us were not state owned.
— Bored Again Ederson (@EdersonBored) November 27, 2019
City fans, how important is it that the club continue to flourish financially? Let us know your thoughts below!
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