infrastructure

City Football Group raises $650m debt funding: Report

SportzPower Team
Jul 16, 2021 19:07

MUMBAI: Abu Dhabi-owned City Football Group, which owns and operates reigning English Premier League champions Manchester City, has reportedly raised $650 million to fund infrastructure projects.

The debt deal will seek to boost investment in its international network of football clubs, UK's Financial Times reports.

CFG, a subsidiary of Abu Dhabi United Group, with significant stakes held by American and Chinese shareholders, holds stakes in New York City, Melbourne City, Yokohama F Marinos, Montevideo City Torque, Girona, Sichuan Jiuniu and Mumbai City FC.

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