Manchester City owner Sheik Mansour sells 13% stake in club's parent company to Chinese investors for £265m... six years after he bought the whole business for the same price

Manchester City's owners have sold a 13 per cent stake in the club's parent company to Chinese investors.
The City Football Group (CFG), parent company of the Barclays Premier League leaders, has sold the stake to a state-backed consortium of CMC (China Media Capital) and investment company CITIC Capital.

The investment of £265million, which is subject to regulatory approval in some territories, follows six months of talks and is aimed at expanding CFG's interests in the Chinese football industry.

+10

Manchester City's owners, including Khaldoon Al Mubarak (left) and Sheikh Mansour (centre) have sold a 13 per cent stake in the club's parent company to Chinese investors

+
10Manuel Pellegrini's Manchester City side are currently joint-top of the Premier League after 14 games

+10

Manchester City, New York City, Melbourne City and Japanese side Yokohama F. Marinos all belong to CFG

+10

Sergio Aguero poses for a selfie with Chinese President Xi Jinping and Prime Minister David Cameron

Progress: 0%

0:00

Play

Current Time0:00

/

Duration Time3:08