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Chinese investors buy 13% stake in Man City for US$400m: companies

[LONDON] Chinese investors China Media Capital (CMC) and CITIC Capital have bought a 13 per cent stake in the parent company of Manchester City Football Club for US$400 million, the companies said.

"We and our consortium partner CITIC Capital also see this investment as a prime opportunity for furthering the contribution of China to the global football family," CMC chairman Ruigang Li said.