City Football Group adds an eighth team to its ranks

The City Football Group (CFG) company added a new team to its list: Mumbai City F.C. The company that owns Manchester City acquired 65% of the Asian team, which disputes the Indian Super League. This club is the second that CFG buys in the Asian continent and is the eighth worldwide.

Mumbai City F.C. It is a team from India, located in the city of Bombai, founded in 2014 and had Diego Forlán wearing his shirt in the 2016 season. The sale of 65% of the shares to the CFG company will benefit the Indian team in commercial knowledge and football. Mumbai is the second Asian club that acquires City Football Group. Sichuan Jiuniu FC is the other set of the continent that disputes the Chinese Super League and belongs to the company since the beginning of 2019.

Manchester City (England), Girona FC (Spain), New York City (United States), Melbroune City (Australia), Yokohama F. Marinos (Japan) and Torque (Uruguay) are the other six teams that complete the list of targeted clubs by City Football Group.

"We are eager to play an active role in the local and amateur communities of Mumbai City FC, and work with our co-owners to develop the club as quickly as possible," said Khaldoon Al Mubarak, Sports Director of the team. The remaining 35% of The shares belong to two Indian businessmen: Ranbir Kapoor and Bimal Parekh.

Photo: Courtesy

Source: Palco 23