Home Sport Man City owners to acquire Mumbai ISL team Sport Man City owners to acquire Mumbai ISL team By viralevo November 28, 2019 Facebook WhatsApp Twitter Telegram LINE Viber Pinterest Facebook pix courtesy of Mumbai City FC MUMBAI: The owners of Premier League champions Manchester City are set to acquire a majority stake in Indian Super League (ISL) football team Mumbai City FC, a source with direct knowledge of the development told Reuters today. Manchester City is the crown jewel of the City Football Group (CFG), which is majority owned by Abu Dhabi-based Sheikh Mansour bin Zayed Al Nahyan. “The investment will showcase the interest of the world in Indian football,“ said the source, who asked not to be named as the talks were private. CFG did not respond to a request for comment and Mumbai City FC declined to comment on the matter. CFG, which will outline the details of the deal at a news event in the Indian financial hub of Mumbai on Thursday, already owns majority stakes in seven soccer teams in countries ranging from the United States to China. Mumbai City, which is co-owned by Bollywood actor Ranbir Kapoor, has had the likes of Freddie Ljungberg, Nicolas Anelka and Diego Forlan as their marquee players in the past, and they are currently placed seventh in the 10-team ISL. The deal is set to be announced just a day after CFG agreed to sell a US$500 million (RM2 billion) stake to US private equity firm Silver Lake, making it the world’s most valuable soccer group with a US$4.8 billion (RM20 billion) price tag. — Reuters Sourcethesundaily.my Facebook WhatsApp Twitter Telegram LINE Viber Pinterest Previous articleFurious China threatens retaliation over US law on Hong KongNext articleChina summons US envoy, urges US to refrain from applying Hong Kong bill RELATED ARTICLES Sport Jon Jones asks for release from the UFC viralevo Image via YouTube UFC light heavyweight champion Jon Jones has asked UFC president Dana White to release him following failed negotiations for a Francis Ngannou... Read more Sport Cancellation of 2020 CFB Season Would Result in $4 Billion in Losses viralevo Colleges across the country would reportedly see significant financial losses if the 2020 football season has to be canceled because of the coronavirus pandemic. According... Read more Sport Celtic crowned Scottish Premiership champions and Hearts relegated as season ended viralevo Premier League clubs will vote on a return to training on Monday after Raheem Sterling, Steve Bruce and Eva Carneiro warned against rushing back... Read more - Advertisment - Must Read World Trump threatens White House protesters with ‘vicious dogs and most ominous... viralevo Related video: Protests erupt across US cities in wake of George Floyd killing Donald Trump has threatened people protesting the death of George Floyd with "vicious dogs" and... Black Lives Matter protesters take to the streets of London S’poreans, 21 & above, getting 2nd S$300-S$600 payout in June 2020 How much money does the world owe China?