Private equity

The City Football Group empire

Map: Aïda Amer/Axios

Private equity giant Silver Lake Partners has agreed to invest $500 million for a ~10% stake in City Football Group, owner of reigning English Premier League champs, Manchester City, and seven other soccer clubs around the world.

Why it matters: The deal makes CFG, now valued at $4.8 billion, the world's most valuable soccer group, as well as the second most valuable enterprise in all of sports, trailing only the Dallas Cowboys, per Forbes.

Reality check on Elizabeth Warren’s biggest ideas

Photo illustration of Elizabeth Warren
Photo Illustration: Aïda Amer/Axios. Photo via Joseph Prezioso/Getty Contributor

Here’s a look at the odds for 10 of Elizabeth Warren’s most ambitious plans, according to Democratic aides, former White House policy officials from both parties, and Axios’ issue experts.