In the City Football Group expanded its reach into Asia with a % stake in JLeague side Yokohama F Marinos The deal became the first minority club stake from the group, with car City Football Group, the owner of Manchester City, has sold a stake of just over 10% for $500m (£34m) to Silver Lake, an American private equity firmThe deal values the business at $48bn (£ City Football Group owns or has partial stakes in seven soccer teams around the world, including New York City FC, Melbourne City FC and Girona FC, with twotime defending Premier League champion Manchester City as its prized trophy Altogether, the organization oversees more than 1,500 players and 2,500 games annually
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