Silver Lake, American private equity firm, completed the acquisition of a 10% stake in City Football Group, which through its subsidiaries, owns and operates football-related clubs and businesses, for £389m ($485m). "We and Silver Lake share the strong belief in the opportunities being presented by the convergence of entertainment, sports and technology and the resulting ability for CFG to generate long-term growth and new revenue streams globally," Khaldoon Al Mubarak, CFG chairman.