10 Chinese companies snap up top overseas sports teams

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2 CMC & CITIC

CITIC Securities. [File photo] 


Chinese investors China Media Capital (CMC), a public equity and venture capital firm, and CITIC Capital, a Sate-owned investment company, have bought a 13 percent stake in the parent company of Manchester City Football Club for $400 million (377 million euros) on Dec 1, 2015.

The City Football Group is a holding company established to oversee the creation and administration of a network of linked clubs and other football operations under the aegis of Manchester City.

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