Man City owners expand worldwide portfolio with Mumbai deal

Posted November 28, 2019 6:00 am

The Associated Press

MANCHESTER, England (AP) - Manchester City's Abu Dhabi ownership has expanded its portfolio of worldwide soccer clubs to eight by buying a majority stake in Indian Super League team Mumbai City FC.

City Football Group, of which English champion Man City is the flagship team, says it has acquired 65% of the Indian club.

CFG already has the following partnership clubs: New York City in Major League Soccer, Melbourne City in Australia's A-League, Girona in Spain's top division, Yokohama F. Marinos in Japan, Sichuan Jiuniu FC in China, and Club Atletico Torque in Uruguay. The group also has a 'œcollaboration agreement"'ť with Venezuelan team Atletico Venezuela.

Mumbai FC is in its sixth season in the ISL and has an 8,000-capacity stadium, the Mumbai Football Arena.

CFG says Mumbai will 'œbenefit from the group's commercial and football know-how, whilst at the same time delivering a new and exciting element to the CFG global commercial platform.'ť

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