City Football Group acquire Indian club

Following the sale of a stake in City Football Group to private equity group Silver Spring, CFG have acquired a 65 per cent stake in Mumbai City Football Club. The club plays in the Indian Super League.

Mumbai City was owned by actor and producer Ranbir Kapoor and his business partner Bimal Parekh. They will retain a 35 per cent share in the club.

Football is eclipsed in popularity in India by cricket, but there is thought to be considerable growth potential.

CFG chief executive Ferran Soriano said that the objective was to unleash the power of Indian football: CFG's objective

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