Thursday, 21 February 2019

Man City Announce Purchase of Chinese club Sichuan Jiuniu

Manchester City have made inroads into China with the City Football Group (CFG) acquisition of third-tier club Sichuan Jiuniu.

CFG, which owns the Premier League champions, has bought the Chengdu-based side as part of a joint-purchase deal involving China Sports Capital and robotics firm UBTECH.

City chief executive Ferran Soriano said in a statement on Wednesday: "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.

Sichuan Jiuniu become the seventh club to join CFG's global conglomerate.

Alongside Premier League champions City, CFG also controls Melbourne City, New York City and Club Atletico Torque of Uruguay, while it has invested in Girona and Yokohama F. Marinos.

China Sports Capital has held shares in CFG since December 2015, while UBTECH has been one of City's commercial partners since 2016.

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