English Premier League Champions Manchester City FC have bought a controlling stake in Indian Super League side Mumbai City FC, adding them to a growing empire of clubs around the world under the banner of the ‘City Football Group.’
Their portfolio is already extensive in Asia. The side owns A-League side Melbourne City FC and have minor stakes in J-League side Yokohama F Marinos (along with Nissan) and Chinese League Two side Sichuan Jiuniu (along with China Sports Capital).
The purchase has drawn positive reviews from many analysts, who claim that the deal is a sign of the potential of the Indian football market and an acknowledgment of how far both the league and National Team have already come. Many hoping that Manchester City’s presence in the country can help them both advance even further.
City Football Group are currently valued at £3.73m, and seem committed to continue expanding around the world.