Manchester City have agreed a business partnership deal with technology giants Silver Lake worth £390 million to make them the most valuable football club in the world.

The Premier League champions announced the deal on Wednesday, with the US-based firm becoming the second major partner of City Football Group (CFG) and taking a 10% ownership of City's post-investment value of £3.7 billion.

The Financial Times reports that the sale breaks the valuation record for a sports group, with Man Utd now valued on the New York Stock Exchange at just £2.1b – over £1.6 billion less than their rivals. City also moved ahead of Real Madrid and Barcelona in total value.

https://twitter.com/FT/status/1199644067698814976

As part of the agreement, Silver Lake's Managing Partner and Managing Director, Eghon Durban, will join the City board, with the additional funds from the investment set to be used to "fund international business growth opportunities and develop further City Football Group technology and infrastructure assets."

In other Man City news, Raheem Sterling used his huge social platform to urge people to register to vote before yesterday's vote deadline.