• Purchase of Sichuan Jiuniun due to be confirmed this week
• CFG has stakes in clubs in countries including Japan and Spain
Manchester City’s owner is set to announce the purchase of Chinese third-tier club Sichuan Jiuniu, the latest acquisition to its growing portfolio of clubs around the world.
The City Football Group has been searching for a new project in China having sold a 13% share of the company – owned by Sheikh Mansour bin Zayed al-Nahyan, a member of the Abu Dhabi ruling family – in 2015 to the private equity groups China Media Capital and CITIC Capital. CFG has stakes in clubs in New York, Australia, Japan, Spain and Uruguay, and the partnership with Jiuniu is expected to be confirmed at a press conference on Wednesday.
Source: Football News
Link : Manchester City set to add third-tier Chinese club to global portfolio