The $4.8 billion valuation includes an English soccer team, an MLS team and other investments.
City Football Group owns the English soccer team Manchester City FC, Major League Soccer’s New York City FC and Australia’s Melbourne City FC and has investments in other sports teams as well as aTypically, there is a 20% or so discount for the sale of a noncontrolling stake in a sports team. But two sports bankers told me they did not believe there was a discount applied in this sale.
The valuation for City Football Group falls more than $1 billion short of the figure for publicly traded Madison Square Garden, whose most valuable assets are the NBA’s New York Knicks, the NHL’s New York Rangers and the arena they play in. MSG has an enterprise value of $5.9 billion.
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