HomeNewsFinance & MoneyFootballUnited Kingdom

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.

Most recent

The 2019 ICC Cricket World Cup has demonstrated that there is a significant market for the ECB's new competition, The Hundred, according to its managing director, Sanjay Patel. He tells Adam Nelson how the ECB intends to capitalise on England's stunning World Cup victory and extend the sport's moment in the sun well beyond this summer.

Highlights of the Fan Engagement panel at the Sports Decision Makers Summit in London. Highlights of the Fan Engagement panel at the Sports Decision Makers Summit in London. The panel looks beyond cookie-cutter approaches to fan engagement and discusses the importance of creativity and technology in creating deeper and more profitable engagement with fans.

Highlights of our panel on sponsorship in women's sport from the Sports Decision Makers Summit.

Highlights of the finance panel at the Sports Decision Makers Summit London. How are investors shaping sport?