Manchester City consider investing in Indian club

Ruben Hill
March 7, 2019

English Premier League giants Manchester City's owners City Football Group (CFG) are planning to invest in an Indian football team by the end of this year, said chief executive Ferran Soriano. He was invited by Tata Steel, who own the Jamshedpur club.

Over the coming weeks, the Closer To Home video series will raise awareness of the diverse range of water issues faced across the world, as Manchester City, Manchester City Women's team and New York City FC players discuss water challenges in their home countries.

There are three reference points for CFG's association with Indian football - first, when former Australia and Manchester City defender Simon Colosimo played in Goa for the I-League's most successful club Dempo in 2013-14.

The owners of Manchester City are considering buying a club in India.

"We will not be providing any comment on out-of-context materials purported to have been hacked or stolen from City Football Group and Manchester City personnel and associated people", the statement read.

City Football Group is majority owned by Abu Dhabi United Group, a private investment firm of Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs. They have also had preliminary discussions with Jamshedpur FC.

A number of European clubs have come to India over the last few years to set up academies on a franchise basis to establish a foothold in a potentially huge market.

CFG chief executive Ferran Soriano had earlier bought a stake in third-tier Chinese side Sichuan Jiuniu in February, adding to a portfolio of teams that includes New York City (MLS), Melbourne City (A-League), Yokohama F Marinos (Japan), Club Atletico Torque (Uruguay) and FC Girona (Spain). Regarding the matter, he said, "I can not see 10 years ahead but the group might have two or three teams more".

It remains to be seen which of the two, or if it ends up as another team altogether, becomes CFG's new addition to the family. Maybe, (but) I don't know that.

Other reports by Click Lancashire

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