China's CMC trims stake in City Football Group
China-based CMC Capital has exited the bulk of its remaining stake in City Football Group (CFG), a series of football clubs built around the Manchester City brand, with CMC founder Ruigang Li vacating his seat on the company’s board.
The Financial Times reported that CMC had reduced its holding from 7.24% to 1% by selling equal portions of shares to Silver Lake and Newton Investment & Development, an entity controlled by Sheikh Mansour...
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