The City Football Group (CFG), owners of Manchester City, have acquired another European club to add to their ever growing portfolio.
This comes at a time when the CFG’s previous investments are starting to yield substantial returns, with their La Liga club, Girona, currently second in La Liga and poised for Champions League football.
The Spanish club now sit six points behind leader Real Madrid but with a game in hand on Los Blancos.
The latest target in CFG’s expansive portfolio is one of Turkey’s most notable clubs, Istanbul Basaksehir.
Reports from Fanatik’s Omer Necati Albayrak indicate that negotiations between CFG and Istanbul Basaksehir have reached a ‘football collaboration’ agreement, with the Turkish club having received the first payment as part of the takeover.
Now Manchester City have a total of THIRTEEN sister clubs:
Manchester City
Girona
Troyes
Palermo
Istanbul Basaksehir
Lommel SK
EC Bahia
New York City FC
Melbourne City FC
Yokohama
Montevideo City Torque
Sichuan FC
Mumbai City FC
CFG is renowned for its diverse global football investments. With 100% stakes in clubs such as Manchester City, Melbourne City, Montevideo City Torque, and Troyes, the group has established a formidable presence in the footballing landscape.
Additionally, CFG holds majority ownership in Mumbai City, New York City, Lommel, Palermo, and Bahia, showcasing its commitment to shaping football on a global scale.
🚨 OFFICIAL: Istanbul Basaksehir have become the latest side to join the City Football Group:
— Transfer News Live (@DeadlineDayLive) February 18, 2024
🏴 Manchester City
🇪🇸 Girona
🇫🇷 Troyes
🇮🇹 Palerme
🇹🇷 Istanbul Basaksehir
🇧🇪 Lommel SK
🇧🇷 EC Bahia
🇺🇸 New York City FC
🇦🇺 Melbourne City FC
🇯🇵 Yokohama
🇺🇾 Montevideo City Torque
🇨🇳… pic.twitter.com/ZI21F28zYU
As Istanbul Basaksehir join the CFG family, questions linger about the extent of CFG’s involvement in the Turkish club.
While CFG typically holds controlling stakes in its clubs, the exact nature of the partnership and the potential benefits for Istanbul Basaksehir remain unclear.
However, given CFG’s track record and the anticipation surrounding this acquisition, further details are expected to be unveiled in the near future.
The move reflects CFG’s ambitious and strategic approach to football investments, aiming not only to strengthen its influence in European competitions but also to tap into the passionate football culture in Turkey.
Man City’s owners are playing real-life football Monopoly and it’s clearly working well.
