Manchester City holding company City Football Group (CFG) has announced a £389million investment from American private equity firm Silver Lake.
The deal values CFG, which has a stake in seven clubs across the world, at £3.73billion and gives Silver Lake a stake of around 10 per cent.
CFG chairman Khaldoon Al Mubarak said: "Silver Lake is a global leader in technology investing, and we are delighted by both the validation that their investment in CFG represents, and the opportunities for further growth that their partnership brings.
"We and Silver Lake share the strong belief in the opportunities being presented by the convergence of entertainment, sports and technology and the resulting ability for CFG to generate long-term growth and new revenue streams globally."
Silver Lake have previously invested in technology such as Skype, while CFG also owns New York City FC, Melbourne City FC, Yokohama F. Marinos in Japan, Club Atletico Torque in Uruguay and Girona FC.
Egon Durban, managing director of Silver Lake, will represent the technology investors on the CFG board.
He said of the partnership: "We are excited to invest in CFG, which is redefining football globally and in doing so has successfully built an impressive global platform of marquee football clubs across five continents.
"We greatly respect CFG's stewardship of more than a century of football tradition and the strong global fanbases of its clubs.
"We are excited to partner with the board and CFG's world-class management team to help drive the next phase of CFG's growth in the fast-growing premium sports and entertainment content market."
Meanwhile chairman Al Mubarak has spoken of his pride at Raheem Sterling's progress both on and off the pitch.
The 24-year-old England international is reportedly in talks over a new deal with the reigning Premier League champions, despite signing a five-year contract in November 2018.
Sterling won the Football Writers' Association Footballer of the Year award last season and has been praised for his stance on racism.
Al Mubarak has enjoyed seeing Sterling "grow" at City, and told Sky Sports: "I'm very proud of what Raheem has done over the last couple of years.
"His evolution as a player, but more importantly as a person, I think has been exceptional.
"He has become a leader, both on and off the pitch, he's become a leader in this squad at Manchester City, he's becoming a leader at England serving his country, and a leader in the community.
"I'm so happy for him, I think he's a wonderful young man and...one thing I'm sure of, Raheem is only going to improve and only going to grow as both a player and a leader, so the future is very bright for Raheem and it's a pleasure to have him as part of the team."
