City Football Group (CFG) has invested in and will Chair the Advisory Committee of a new, first-of-its-kind, $115m sport venture capital fund, Sapphire Sport.
The new fund sees CFG, which includes Premier League Champions, Manchester City and New York City FC in MLS amongst its six clubs, invest as a lead partner in the fund, which comprises owners and investors from across major US sports leagues; NFL, MLB, NBA, NHL and MLS as well as from related industries.
Today’s announcement follows a track-record of innovation and strategic, sustainable investment from CFG. That approach complements its original global, multi-club model, as Sapphire Sport sits alongside other football-related businesses and investments, including recreational facilities (a joint venture with GOALS Soccer Centres in North America), media ventures (Dugout), eSports, football schools and recreational coaching and eleven commercial offices across eight countries.