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City Football Group targeting Indian acquisition

City Football Club, the ownership group of Premier League leaders Manchester City, is investigating the potential purchase of an Indian club to add to its growing global portfolio.

The group’s chief executive, Ferren Soriano, said CFG had been “looking at India for nearly two years now” and that it was likely “we’ll end up doing an investment in India” later this year, the BBC reports.

Last month, CFG confirmed it had acquired Chinese third-tier side Sichuan Jiuniu, which became the organisation’s seventh club in a portfolio which spans five continents.

“With all these developments we have to be patient,” said Soriano. “We have some interest in some markets and countries where there is a genuine football passion and opportunities, like China, but also India. So there might be other opportunities in Asia.”

Previously, the group had stated its intention to own a club “on every continent”. Soriano stated that he would expect “maybe two or three” more clubs to be added to the City Football Group, “to complete the vision that we had six years ago.”

As well as Manchester City, the group also wholly or partly owns New York City, Melbourne City, Yokohama F Marinos, Club Atlético Torque and Girona.