Manchester City Owners Add To Global Stable With Purchase Of Chinese Club
Manchester City have added another club to their growing global portfolio.
City Football Group (CFG), have announced the joint purchase of Chinese club Sichuan Jiuniu FC who play in China League Two who play at the 27,000 capacity Chengdu Longquanyi Stadium in Sichuan Province.
They join the likes of City, MLS side New York City FC, and Australian team Melbourne City FC in the CFG stable.
The purchase is a collaboration with China Sports Capital, a fund co-founded by China Media Capital, and UBTECH - a commercial partner of Manchester City since 2016.
In a statement, chief executive officer of CFG, Ferran Soriano, said: "Today marks an exciting new chapter in the growth of City Football Group. China is an extremely important football market, which we have been focused on for some time.
"We are delighted to welcome Sichuan Jiuniu FC to our Group, alongside our partners, China Sports Capital and UBTECH. We see this as a natural extension of our existing activities.
"From our work together at Manchester City and across CFG, our relationships with CMC Inc, China Sports Capital and UBTECH make us very confident that we have established a strong ownership group which is well placed to oversee this club.
"We believe strongly in the future of football in China. We are making a long-term, sustainable commitment to grow and develop Sichuan Jiuniu FC and to nurture Chinese footballing talent. These objectives are equally important.
"Our immediate focus will be strengthening our football performance, using all of our experience and know-how, forging a strong relationship with our fans and building a strong presence in the community. We cannot wait to get started."