English Premier League champions Manchester City’s parent company City Football Group on Thursday bought a majority 65 percent stake in Indian Super League franchise Mumbai City FC.
This was announced at a press conference by Nita Ambani, the founder and chairperson of Football Sports Development Limited (FSDL) and Reliance Foundation.
“Today we welcome a global football powerhouse to India, to Indian Super League and Indian football. I am delighted and proud to announce that the City Football Group has acquired a majority stake in Mumbai City FC,” said Ambani.
“For the first time ever, an European club will be acquiring majority stake in an Indian club,” added Ambani.
CFG will become the 65 per cent majority stakeholder of the club, alongside existing shareholders, actor Ranbir Kapoor and Bimal Parekh, who will keep the remaining 35 per cent. The Premier League club also tweeted that CFG was delighted to welcome the Indian club to its “family of clubs”.
“City Football Group (CFG) has agreed a deal to acquire a majority stake in its eighth club, Mumbai City FC in the Indian Super League, marking a major move into Indian football,” the group said in a statement.
Other clubs in the CFG stable include New York City, Melbourne City, Yokohama F. Marinos in Japan and Girona FC in Spain.
Pingback: Best Drone Camera
Pingback: asigo system review
Pingback: http://top10best.io/
Pingback: is bitcoin loophole legit?
Pingback: immediate edge
Pingback: Mossberg Firearms for Sale
Pingback: bolesremodeling.com
Pingback: kocioł parowy
Pingback: 홀덤사이트
Pingback: sextillion cologne for men by marlon samuels
Pingback: covid-19 thailand
Pingback: Hyderabad Gated Community Villas for Sale
Pingback: Guns For Sale USA
Pingback: ซ่อมรถบรรทุก
Pingback: Ammunition for sale online
Pingback: clone plastic card dumps
Pingback: Anonymous
Pingback: Chaturbate Archive Chubbub
Pingback: sbo
Pingback: microdose on mushrooms
Pingback: แอพเงินด่วน
Pingback: more information
Pingback: sbo
Pingback: 토토백화점
Pingback: sbobet
Pingback: pour plus d'informations
Pingback: best passive income
Pingback: judi bola
Pingback: cookies and cream chocolate bar edible
Pingback: additional resources
Pingback: is mounjaro for weight loss
Pingback: sleeping music
Pingback: tv hen tai gucken
Pingback: Kahoot