City Football Group is in late stage talks to buy French Ligue 2 side ESTAC Troyes for a price reported to be in the single digit millions of euros.
Some clubs such as New York City and Mumbai City have been bought with the idea of breaking into lucrative markets and promoting City's brand. Others are bought with the idea of spotting promising players. They can ensure players gain experience of European leagues where the standard is high.
CFG is also evaluating teams in Europe, Asia and Africa.
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