• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Corporate deals

Manchester City owner raises $650 million to build new stadium, others

Ajibola Akamo by Ajibola Akamo
July 16, 2021
in Corporate deals, Sports
Manchester City owner raises $650 million to build new stadium, others

City Football Group chairman Khaldoon Al Mubarak

Share on FacebookShare on TwitterShare on Linkedin

City Football Group (CFG), the Abu Dhabi-controlled holding company, popularly known for being the owners of English Premier League champions Manchester City, just raised $650 million. This fundraising is considered one of football’s biggest-ever debt deals as the company seeks to step up investment in its international network of football clubs.

What you should know about the loan deal

  • The raised loan, which will come due in July 2028, according to sources, is intended to fund infrastructure projects such as a new stadium for its Major League Soccer franchise New York City FC, which has been anticipated for years but still requires approval from local authorities.
  • According to sources, the seven-year loan is underwritten by Barclays, with HSBC and KKR Capital Markets helping to arrange and distribute the debt.
  • CFG has organized a revolving credit facility worth £100 million with the same finance providers listed above, although sources say it has no immediate intention to draw down on the facility.
  • The loan deal has taken its place as one of football’s biggest debt deals as the deal surpasses the €525 million debt refinancing arrangement between Goldman Sachs and FC Barcelona in June 2021 but comes 2nd to Tottenham Hotspur’s loan deal of £637 million in 2019.

READ: FIFA declares net loss of $683 million for 2020

The CFG Group

CFG is a British-based holding company that administers an association of football clubs. CFG has shown an appetite for rapid growth, having either taken full ownership or bought minority shares in about 10 clubs around the world over the past decade.

RelatedStories

Haaland tops Most Valuable Players List in the World with €245million Worth

Haaland tops most valuable players list in the world with €245million worth

June 7, 2023
Manchester City to Earn £44million as Prize Money for Premier League Trophy

Manchester City to earn £44million as prize money for Premier League trophy

May 28, 2023

Until December 2015, City Football Group was wholly owned by the Abu Dhabi United Group (ADUG), a private investment and development company belonging to His Highness Sheikh Mansour bin Zayed Al Nahyan. Sheikh Mansour bin Zayed al-Nahyan, a billionaire member of the Abu Dhabi ruling family, who opted to buy Manchester City, has spent an estimated £1 billion transforming the club into one of the most successful football sides in English football to rival giants like its neighbours Manchester United and Liverpool.

READ: Real Madrid leapfrogs others to emerge the world’s most valuable football club

CFG owners now include ADUG, which owns 77% majority share of the club. The ADUG sold a 10% stake two years ago to US-based private equity firm, Silver Lake Partners for $500 million. A further 13% stake is owned by 2 Chinese firms which include China Media Capital, a venture capital group and CITIC Capital.

The money will also help prop up the groups’ finances because the group made a loss as a result of the pandemic which affected the sporting industry as a whole, as ticket sales declined significantly as a result of the COVID-19 pandemic.

The group’s annual revenue dropped to £544 million in the financial year ended June 2020, down almost 14% year on year because of a loss in ticket and broadcast revenue. The group’s annual net loss widened to £205 million from £84 million a season earlier.

Manchester City’s revenue fell to £478 million in the 2019-2020 season, down from £535 million the year before. The club swung to a net loss of £126 million from a net profit of £10 million. Although the club made a loss, It had previously been the only profit-making club within CFG’s global network.

READ: Top Football clubs are now using blockchain

 Bottomline

Although CFG declined to comment, sources stated that its executives had opted for raising debt, believing it to be a cheaper route to cash than selling more equity.

Critics have suggested such spending has skewed competition in England and Europe, while human rights activists say it is part of a “sports washing” project designed to clean up the global image of the United Arab Emirates. Sheikh Mansour’s brother is Sheikh Khalifa bin Zayed al-Nahyan, the Gulf nation’s de facto ruler.

The new debt deal shows that a good relationship exists between the group and western financial institutions. A year after Silver Lake’s investment in CFG, the group secured $2 billion from Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund, which is run by Khaldoon al-Mubarak, who is also Manchester City chair.


Follow us for Breaking News and Market Intelligence.
Tags: CFGCity Football GroupManchester City
Ajibola Akamo

Ajibola Akamo

Ajibola Akamo is an Investment Analyst, Financial Analyst, Economist and Accountant. You may contact him via his email ajibolaakamo@yahoo.com

Related Posts

Haaland tops Most Valuable Players List in the World with €245million Worth
Business News

Haaland tops most valuable players list in the world with €245million worth

June 7, 2023
Manchester City to Earn £44million as Prize Money for Premier League Trophy
Business News

Manchester City to earn £44million as prize money for Premier League trophy

May 28, 2023
Manchester City Football Club announces record revenue of £613million and £41.7million profit for 2021/22
Business News

Manchester City Football Club announces record revenue of £613million and £41.7million profit for 2021/22

November 8, 2022
PSG, Manchester City fan tokens have failed HODL investors
Cryptos

PSG, Manchester City fan tokens have failed HODL investors

April 17, 2022
How Man City emerged highest revenue club with €644.9 million
Sports

How Man City emerged highest revenue club with €644.9 million

March 21, 2022
Manchester City announces £2.4 million profit for 2020/2021 fiscal year
Sports

Manchester City announces £2.4 million profit for 2020/2021 fiscal year

January 13, 2022
Next Post
[Nigerian Stocks] Okomu Oil Gains 4.9% As Market Ends In A Positive

CAP and Access bolster the surge of Nigerian stocks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • FIRS begins renegotiation of double taxation treaty with Netherlands amid tax reforms 
  • Analysts project fastest GDP growth since 2014, pinpoint stocks set to rally in H2 2025 
  • Nigeria rules out nuclear weapons pursuit, says focus is on addressing poverty and climate change 

Follow us on social media:

Recent News

FIRS begins renegotiation of double taxation treaty with Netherlands amid tax reforms 

FIRS begins renegotiation of double taxation treaty with Netherlands amid tax reforms 

July 7, 2025
GDP

Analysts project fastest GDP growth since 2014, pinpoint stocks set to rally in H2 2025 

July 7, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics