Manchester City trail Manchester United in rich list despite 265m investment

Manchester City have moved ahead of Bayern Munich in European football’s rich list, but continue to trail local rivals United, according to a report in the Daily Mail.

Manchester City’s owners have sold a 13 percent stake in the club’s parent company to Chinese investors for £265m meaning the club’s value under Sheikh Mansour of Abu Dhabi and the China Media Capital has rose to £1.987bn.

That has seen City move up to to fourth in the list ahead of German champions Bayern Munich, who boast a value of £1.555bn in fifth place.

United – backed by the Glazer family – have a value of £2.056bn, but they continue to trail the two main Spanish clubs.

Funded by Russian billionaire Roman Abramovich, Chelsea are sixth on £907m, Arsenal seventh on £865m and Liverpool are eighth with £650m.

Serie A sides Juventus on £554m and Milan on £513m make up the top 10, but that could alter when the Premier League’s new £5.136bn television contract kicks in from next season.

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