City Football Group valued at $5 Billion.

[GodIsADeeJay81]

https://www.ft.com/content/1c082178-104 ... bf4f9e548a" onclick="window.open(this.href);return false;

Announced this morning that a 10% stake in the group has been sold for $500 million

[Royboyclaret]

Eye watering levels of new investment at City, little wonder they can negotiate a new contract with Raheem Sterling worth £450k per week. Do we at Burnley ever wish to compete at such astronomical financial levels?..........The answer has to be no, we can be relatively successful in our own way, owned and guided by Burnley supporters in the boardroom.

[Quickenthetempo]

Eye watering levels of new investment at City, little wonder they can negotiate a new contract with Raheem Sterling worth £450k per week. Do we at Burnley ever wish to compete at such astronomical financial levels?..........The answer has to be no, we can be relatively successful in our own way, owned and guided by Burnley supporters in the boardroom.

As a town we couldn't afford ticket prices to double, no matter who was playing for us.

[Chester Perry]

must be remembered that this is the parent group who farm players across continents with their 7 clubs and with a desire to have a least 11 in the next few years - Man City themselves are not valued/worth that amount - as Royboy has clearly pointed out a number of times on the Football's Magic Money Tree thread, they are a long way behind the value of Man United, Real Madrid and Barcelona - though their growth has been huge,

The CFG group itself has been heamorrhaging cash at a ridiculous rate

https://twitter.com/KieranMaguire/statu ... 0257486850" onclick="window.open(this.href);return false;

which leads to the surprise in the valuation - though it should be noted that perceived value and what people are prepared to pay can differ significantly in both directions

https://twitter.com/BBCRMsport/status/1 ... 6273775616" onclick="window.open(this.href);return false;
https://news.liverpool.ac.uk/2019/05/03 ... able-club/" onclick="window.open(this.href);return false;

Interestingly this is the 2nd tranche of shares ADUG/CFG have sold in the last couple of years - in both cases it is about establishing useful partnerships that are likely to be utilised beyond the sphere of ADUG/CFG

You will also note that it is a likely positioning tool for selling their own streaming rights in the future - they were the prime driver of the restructuring of the shares in overseas rights for the Premier League and are the only English club that is open in their support of Gianni Agnelli's plans at the ECA. They have little passion for Collective Bargaining and fair competition, preferring the opportunity to dominate completely (much like they approach the game itself)

This Telegraph article also talks of the desire to build their own arena in Manchester, though their is no market need according to planners and the fact that the new shareholders are strongly linked to that

https://www.telegraph.co.uk/football/20 ... g-company/" onclick="window.open(this.href);return false;