City Football Group (CFG) have added Mumbai City to their list of clubs after taking a majority stake in the Indian Super League side.
CFG will become the majority shareholder with 65 per cent of Mumbai City, with completion of the investment subject to the approval of certain football bodies.
Mumbai joins Manchester City , New York City, Melbourne City, Yokohama F Marinos, Atletico Torque, Girona, and Sichuan Jiuniu in the stable of football clubs across the globe.
City have this week announced an investment from American firm Silver Lake , who have bought 10 per cent of the CFG for £389m with the whole company valued at £4.8bn.
“We believe that this investment will deliver transformative benefits to Mumbai City FC, to City Football Group and to Indian Football as a whole," said chairman Khaldoon Al-Mubarak. "City Football Group is committed to the future of football in India and to the potential for Mumbai City FC within that future.
He added: “We are very much looking forward to playing an active role in Mumbai City FC’s fan and local communities, and working with our co-owners to further develop the Club as quickly as possible.”
