Manchester City’s parent company plan to a buy a club in India to add to the seven already in the City Football Group’s portfolio.
Ferran Soriano, the chief executive, has visited the country and stated CFG believe expansion there is a logical strategic move.
“We’ve been looking at India for nearly two years now,” he said. “I’d say this year we’ll end up doing an investment in India. With all these developments we have to be patient. 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.”
CFG already own or have a stake in City, New York City, Melbourne City, Yokohama F Marinos, Atlético Torque, Girona and Sichuan Jiuniu. It completed the joint-purchase of the latter last month.
