Owners of Manchester City buy major stake in Mumbai club
Some European clubs have set up football academies on a franchise basis in India to get a foothold in a potentially huge market
28 November 2019 - 18:12
Mumbai — The owners of Premier League champions Manchester City have agreed to buy 65% of Indian soccer team Mumbai City FC, expanding their global stable of clubs to eight in countries from China to Japan to the US.
The City Football Group (CFG) announced the deal just a day after it agreed to sell a stake to US private equity firm Silver Lake for $500m, making it the most valuable soccer group in the world with a $4.8bn price tag...
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