Big capital group Manchester City has completed the takeover of a club in Brazil.
City Football Group, the capital of Manchester City Football Club has complete the acquisition of Brazilian club Bahia. And making them the 13th club to come under the supervision of the group.
City Football Group (CFG) was formed in 2013. It is majority owne by Abu Dhabi-base equity holders of Manchester City Football Club. They have embark on plans to acquire shares of football clubs. All over the world, under their organization. While Bahia is a 92-year-old football club. That has won two top-flight titles in the past. To raise the level in terms of club structure Including the Brazilian football industry to grow up They own 90% of the majority of the club.
However, the acquisition of shares of Bahia This makes them the third South American club to be owned by CFG, after Uruguayan side Montevio Torquay and Bolivia’s Bolivar.
CFG currently has club partners with Manchester City (England), New York City FC (USA), Melbourne City (Australia), Yokohama F. Marinos. (Japan), Girona (Spain), Sichuan Jinu (China), Mumbai City (India), Palermo (Italy), Bahia (Brazil) and Lommel (Belgium).
Manchester City Football Club (English: Football Club), known simply, is locate in Manchester. It currently competes in the Premier League, the highest league of English football. The club was found in 1880 as St Marks (West Gorton) Before being rename St Marks (West Gorton). Ardwick Football Club in 1887 and rename in 1894.
The club’s home ground is the City of Manchester Stadium, also known as the Etihad Stadium, located in the east of the city. The club has using the stadium since 2003. Having previously use Maine Road as their home ground in 1923.