The owner of English Premier League champions Manchester City has sold a $500 million stake to private equity firm Silver Lake, valuing Abu Dhabi-controlled City Football Group (CFG) at $4.8 billion.

The Financial Times were first to report the deal on Wednesday.

Silver Lake will buy just over 10% of CFG, which owns Manchester City and six other football clubs worldwide, including New York City FC in MLS and Melbourne City in the Australian A-League.

"Silver Lake is a global leader in technology...

The Domenec Torrent era at New York City FC came to an end following the 2019 season, after two playoff appearances during his 14 months in MLS. Now, the club faces a struggle to replace the affable Torrent, a disciple of Pep Guardiola who was part of the famous manager's staff at previous stops such as Bayern Munich and Manchester City. While Torrent was unpopular at the start of his time in New York, replacing Patrick Vieira in the summer of 2018, he ended up being a stable and competent hand...

Austin FC has named Claudio Reyna as the team's first sporting director after leaving a similar post with New York City FC.

Reyna, 46, will oversee all of Austin's soccer operations, a role like the one he held for the past six years with NYCFC. Technical director David Lee will take over Reyna's duties in New York.

A native of Livingston, New Jersey, Reyna enjoyed an accomplished playing career that saw him make 112 appearances with the U.S. men's national team. He had spent much of his post-playing...

New York City FC defender Joe Scally is leaving Major League Soccer to join Bundesliga side Borussia Monchengladbach, the club has announced.

Scally, 16, who played on the U.S. team that was eliminated in the group stage of the Under-17 World Cup two weeks ago, will complete the move to Germany in January 2021 when the winter transfer window opens.

NYCFC said Wednesday the transfer fee for the Lake Grove, New York, native was at least $1 million, which the team said was the highest for a 16-year-old...

When Joe Scally was 14, his youth coaches at New York City FC moved him from central midfielder to right-back. On the field, the distance amounted to about 25 yards, give or take. Two years on, it's set to translate into a journey of thousands of miles, and for NYCFC, it could well turn into a quantum leap.

Scally, now 16, has been transferred to German side and Bundesliga leaders Borussia Monchengladbach. Sources tell ESPN that the initial fee is around $2 million, with add-ons in the form of "very...