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Silver Lake to buy $500 mln stake in Manchester City’s owner: press reports

Silver Lake has agreed to buy a more than 10 percent stake in City Football Group, which owns Manchester City for $500 million, the Financial Times said. Abu Dhabi United Group, the investment vehicle owned by Sheikh Mansour bin Zayed Al Nahyan, will remain the majority CFG shareholder with a stake of around 77 percent after the deal, Reuters said.