City Football is the anchor investor in Sapphire Sport, which is also backed by SAP, Adidas, Sinclair, AEG, Major League Baseball, the New York Jets and the San Jose Sharks.

Sapphire Ventures, the US-based venture capital firm spun out of software producer SAP, launched a $115m fund on Monday backed by SAP that will invest in sports, media and entertainment startups. City Football Group, the holding company that owns football teams including Manchester City and New York City FC, is the fund’s anchor investor, while…

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