It’s simply a $500M investment in CFG, which flows to the owner of the shares currently, which would be Mansour. The bigger thing is that FOR $500M, a serious equity group has accepted “only” a 10% stake, with an expected investment horizon of a decade.THAT values CFG in the stratosphere, and I’m sure it makes the Chinese investors very happy, too!
Billion here, billion there. Soon, you are taking real money!!!
As the rest of football drools at what ADUG has done with City, one can only hope the envy and jealousy associated with a $500M investment and $5B valuation doesn’t force anyone to VAR us even more!!!