Mumbai: City Football Group (CFG), a company owned by English Premier League champions Manchester City, on Thursday bought a 65 per cent stake in Indian Super League (ISL) franchise Mumbai City FC. The acquisition was announced on Thursday by CFG Chief Executive Officer Ferran Soriano and Head of Football Sports Development Ltd and Reliance Foundation Nita Ambani.

Speaking on the occasion, Nita Ambani said, "This is a historic occasion. It is a celebration of the achievements that Indian football has achieved. I am confident that Mumbai City FC will benefit from this historic partnership for Indian football." Let us know that Nita Ambani's IPL team is also Mumbai Indians, which has won 4 titles for the most time so far.

Mumbai City FC's home ground is the Mumbai Football Arena with a capacity of 8000. The team has played five matches so far in the sixth season of Team ISL. Soriano said Spanish manager Pep Godiola of Manchester City would remain in contact with the manager of Mumbai City FC. With this, for the first time a European club has become a part of the Indian club.

Now Mumbai City FC will benefit from the group's professional and football knowledge. In addition, the club will have access to the CFG Global Commercial Platform. The City Football Group is known to be owned by Manchester City. The group also has other football clubs including New York City in the US, Melbourne City FC of Australia, Yokohama F Marino of Japan, Club Atlético Torque of Uruguay, Girona FC of Spain and Sichuan Jiuniu FC of China.

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