Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
MANCHESTER, England — Premier League champion Manchester City has bought an England midfielder and a controlling stake in an Italian club. City said it completed the expected signing of Kalvin Phillips, who left his hometown and boyhood club Leeds at age 26 to sign a six-year contract. The value of the transfer is reported to be $55 million. Man City's parent company City Football Group later completed a deal to take a majority stake in Serie B team Palermo. It's 12th club in the company's full or joint ownership. Palermo has just been promoted for the second time in four seasons.
