City Football Group No Longer Owns Mumbai City FC
The conglomerate City Football Group (CFG), parent company of Manchester City, has completed the sale of its stake in Mumbai City FC. The investors who founded the Indian club are now taking back the reins exclusively to steer its destiny. ⚽
Ownership Returns to Its Origins
This move transfers sporting and business control to the group that created the club. The operation is already effective and aims to stabilize the project in the long term within the Indian Super League. The new directors assume immediate control to manage all areas.
Key Details of the Transition:- CFG disposes of all its shareholding in the Indian club.
- The original founders recover 100% ownership and management.
- The stated objective is to consolidate the club in the domestic league.
The club emphasizes that this transition seeks to stabilize the project in the long term within the Indian Super League.
CFG Adjusts Its International Network of Clubs
Exiting the Indian market modifies the map of CFG's global network. Although the conglomerate maintains clubs on other continents, this step raises questions about its expansion strategy and focus on specific markets. 🌍
Consequences of This Move:- CFG reduces its direct presence in Asian football.
- The group's global investment strategy is reconsidered.
- Mumbai City FC now operates fully independently.
Reaction and Uncertainties for the Future
Among local fans, speculation arises about whether the club's badge will lose the small sky blue detail that evoked its former English owner. This change marks a new chapter, defined by autonomy and the founders' plans to compete at home. 🔵