CITY FOOTBALL GROUP, OWNERS OF Manchester City FC, have acquired 65% stakes in ISL franchise Mumbai City FC.
This is a significant move by City Group who recently sold 10% stakes in Manchester City FC. The group owns several major sports teams across the world, including New York City FC, Melbourne City FC, Girona etc.
The announcement was made at an event today in Mumbai at a press event. Watch the whole announcement right here courtesy the official Mumbai City FC facebook page.