Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13154)           
UK only International

Chinese consortium takes £265m stake in Man City FC parent company

By Matthew Campelli    01 Dec 2015
Sheikh Mansour's ADUG will no longer be the sole shareholder in the City Football Group / Charles Kerr/Flickr

The parent company of Manchester City Football Club has sold 13 per cent of the business to a Chinese consortium as part of a US$400m (£265m, €378m) deal.

City Football Group (CFG) has agreed the stake with Chinese media, entertainment and sports firm China Media Capital (CMC) and private equity company CITIC Capital, following six months of discussions.

The deal values CFG at US$3bn (£2bn, €2.8bn), although the agreement is subject to regulatory approval in some territories. CFG also owns Major League Soccer (MLS) franchise New York City FC and the A League’s Melbourne City FC, as well as a minority stake in Japanese club Yokohama F. Marinos.

Prior to the sale, CFG was wholly owned by the Abu Dhabi United Group (ADUG) – the privately-owned company of Sheikh Mansour bin Zayed Al Nahyan.

The deal will see new shares issued in CFG in addition to the ones held by ADUG. Chair of CMC, Mr Ruigang Li, will become a board member of CFG alongside chair Khaldoon Al Mubarak, and non-executive directors Simon Pearce, Martin Edelman, Mohamed Al Mazrouei, John Macbeath and Alberto Galassi.

According to CFG, the deal will facilitate the funding of growth in the Chinese market, with the chance to develop “infrastructure opportunities”.

Al Mubarak said the partnership would provide an “unrivalled platform to grow CFG, our clubs and companies both in China and internationally”.

“We have worked hard to find the right partners and to create the right deal structure to leverage the incredible potential that exists in China, both for CFG and football at large,” he added.

“Football is now at a fascinating and critical stage in development in China,” added Ruigang Li. “We see unprecedented growth in both its development as an industry, being China’s most-watched sport, and its inspirational role bringing people of all ages together with a shared passion.”

Sign up for FREE ezines & magazines
Related news
Sports jobs
Everyone Active
featured job

Swimming Teachers

Everyone Active
Salary: Competitive hourly rate
Job location: Nationwide

Club and Tennis Manager

Holland Park Lawn Tennis Club
Salary: Competitive
Location: Shepherd's Bush, London, UK

Recreation Assistant (Lifeguard)

GLL
Salary: Up to £22,008 per annum (40 hours a week pro rata)
Location: Clapham, South West London

Recreation Assistant (Lifeguard)

GLL
Salary: Up to £10.55 per hour
Location: Clapham, South West London

Leisure Team Member Apprentice

GLL
Salary: Up to £22,008 per annum (40 hours a week pro rata)
Location: Shoreditch, East London

Leisure Assistant

Lex Leisure
Salary: Competitive
Location: Chorley, UK

Marketing Assistant

The Gym Group
Salary: Competitive hourly rate
Location: Carlisle, UK

GP Referral Instructor

Everyone Active
Salary: Competitive
Location: Southampton, UK

Fitness Trainer

New Hall School
Salary: £19,575pa - £22,383pa depending on skills and experience
Location: Boreham, Chelmsford, UK

Graduate Sports Assistants

New Hall School
Salary: £12,735, pro rata (full time equivalent £17,332pa)
Location: Boreham, Chelmsford, UK
recruiting with sports management

Casual Customer Services Advisor

Circadian Leisure Trust
Salary: £6.77 - £8.21 per hour
Location: Yate, Bristol, UK

Senior Receptionist

Legacy Leisure
Salary: Competitive salary
Location: Windsor, UK

Senior Receptionist

Legacy Leisure
Salary: Competitive salary
Location: Maidenhead, UK

Duty Manager

Legacy Leisure
Salary: Competitive salary
Location: Royal Borough of Windsor and Maidenhead, UK

Receptionist

Legacy Leisure
Salary: £15,500 - £17,500
Location: Maidenhead, UK

Aquatic Supervisor

Legacy Leisure
Salary: Competitive salary
Location: Cardiff, UK

Golf Services Assistants

Lex Leisure
Salary: £8.50-£9.50 per hour
Location: Richmond, UK
recruiting with sports management

Assistant Greenkeeper

Lex Leisure
Salary: Competitive salary
Location: London, UK

Gymnastics Coaching Assistant

Wiltshire Council
Salary: £10.54 - £11.19 per hour
Location: Salisbury, UK

Duty Managers

Wiltshire Council
Salary: £12.56 - £13.59 per hour (incl. of 10% unsocial plussage)
Location: Calne, UK

Swimming Teachers

Wiltshire Council
Salary: £13.84 - £15.00 per hour (incl. of 10% market supplement)
Location: Wiltshire, UK

Chief Executive

Community Leisure UK
Salary: £60,000 (negotiable depending on experience)
Location: London, UK

Sous Chef

Parkwood Leisure
Salary: Competitive salary
Location: Ollerton, Newark, UK

Fitness Trainer

The Gym Group
Salary: Competitive Salary and Benefits
Location: Burnley, UK
training with sports management

Duty Manager

Legacy Leisure
Salary: Competitive salary
Location: Nailsea, UK

Swimming Teacher

GLL
Salary: £16.89 per hour
Location: Tadworth, Surrey, UK

Swimming Teacher

GLL
Salary: £13.04 per hour
Location: Kendal, Cumbria, UK

Swimming Teacher

GLL
Salary: Up to £16.89 per hour (including annual leave)
Location: Faringdon, Oxfordshire, UK

Swimming Teacher

GLL
Salary: £13.04 per hour
Location: Cockermouth, Cumbria, UK

Swimming Teacher

GLL
Salary: £16.89 per hour
Location: West Oxfordshire District, UK

Swimming Teacher

GLL
Salary: Up to £16.89 per hour (including annual leave)
Location: Horley, Surrey, UK
lifeguard jobs  swimming teacher jobs  recreation assistant jobs  apprenticeships jobs  personal trainer jobs  Gymnastics Coach jobs  duty manager jobs  assistant manager jobs  general manager jobs  assistant general manager jobs  Catering Assistant jobs  Customer Services Advisor jobs 
More jobs

Video Gallery

Wattbike
The choice of the elite. Wattbike introduced the first true indoor bike in 2008, changing indoor cycling forever. Developed in association with world class coaches and athletes, and now chosen by the world’s premier health clubs, cycling studios, and personal trainers as well as universities, the military, and countless athletes and coaches across the world, Wattbike has truly revolutionised indoor cycling. Want to join our revolution? Power up your business with Wattbike.
Visit website
More videos

Company profile

Company profile: Wattbike
Wattbike is the creator of the world’s most advanced and innovative indoor bikes, developed in association with world-class athletes and scientists.
View full profile >
More company profiles

Featured Supplier

Training provider explains how a partnership with Fisikal transformed their business
Drummond Health & Fitness Education Academy has been providing quality health and fitness training and education for more than 35 years.
View full details >
More featured suppliers

Diary dates

06-07 Mar 2020
Palazzo del Ghiaccio, Milan, Italy
23-25 Mar 2020
Hilton, Barcelona, Spain
25 Mar 2020
Executive Boardroom, Middlesex University, London, United Kingdom
25-26 Mar 2020
Eastwood Hall, Nottingham, United Kingdom
More diary dates