Football - ISL - November 28, 2019

City Football Group acquires majority stake in Indian Super League’s Mumbai City FC

CFG agrees deal to take 65% majority stake in Mumbai City FC
 Indian Super League team to become eighth club in City Football Group (CFG) network
 Acclaimed actor and film producer, Ranbir Kapoor to stay with Club as minority shareholder
 Damian Willoughby, takes on CEO role of City Football Group India

Mumbai, India and Manchester, England – City Football Group (CFG) has agreed a deal to acquire a
majority stake in its eighth club, Mumbai City FC in the Indian Super League, marking a major move
into Indian football. CFG will become the 65% majority shareholder of the Club, alongside existing
shareholders, acclaimed actor and film producer, Ranbir Kapoor and Bimal Parekh who combined
will hold the remaining 35% of shares. Completion of the investment remains subject to the
approval of certain football bodies.

News of the acquisition was revealed today in front of the Club’s fans by CFG Chief Executive Officer,
Ferran Soriano together with Chairperson, Football Sports Development Limited and Reliance
Foundation, Mrs Nita Ambani. The deal will see Mumbai City FC benefit from the Group’s
commercial and football know-how, whilst at the same time delivering a new and exciting element
to the CFG global commercial platform.

Mumbai City FC plays its home games at the 8,000 capacity Mumbai Football Arena, which sits
within the Andheri Sports Complex, a multi-purpose sports facility. The team is currently five games
into the sixth ISL season
CFG, the world’s leading private owner and operator of football clubs, which is best known for its
ownership of English Premier League Champions, Manchester City FC, also comprises New York City
in the US, Melbourne City FC in Australia, Yokohama F. Marinos in Japan, Club Atletico Torque in
Uruguay, Girona FC in Spain and Sichuan Jiuniu FC in China.
CFG’s operations will now include 8 football clubs and football related businesses in 13 offices
around the world. The Group has expanded significantly since its inception in March 2013, and now
employs more than 2,000 staff and has more than 1,500 footballers who play over 2,500 games
every year. Through its Cityzens Giving campaign, CFG has also supported community programmes
spanning six continents, including Mumbai in its 2019 edition.

The announcement comes in a busy period for CFG. Just prior to closing this deal to acquire Mumbai
City FC, the Group confirmed a new equity investment from Silver Lake, a global leader in technology

investing, valuing the Group at $4.8bn. Last week, also saw Manchester City FC release its annual
report with record revenues and fifth continued year of profits, at the same time as representatives
visited India as part of the Club’s trophy tour.
Welcoming the City Football Group to the Indian Super League and Indian Football, Mrs Nita Ambani

“It’s a landmark occasion that celebrates the remarkable rise of Indian football and brings to life our
vision for the beautiful game in India.
“It is a great endorsement of the increasing appeal of Indian football and for all football fans in India,
this is a moment to take pride in our football, our culture and the opportunity we present to the
world in developing the sport. The power and potential of our youth makes India the most exciting
global opportunity in the world today, in every field, and especially in sport.
“On behalf of all Indian football stakeholders, I welcome City Football Group and thank them for
their interest and belief in Indian football. I am sure Mumbai City FC and Indian football will benefit
greatly from this historic partnership.

Commenting on the acquisition and the opportunities it brings to all parties, Chairman of City
Football Group Khaldoon Al Mumbarak said:
“We believe that this investment will deliver transformative benefits to Mumbai City FC, to City
Football Group and to Indian Football as a whole. City Football Group is committed to the future of
football in India and to the potential for Mumbai City FC within that future.
He added: “We are very much looking forward to playing an active role in Mumbai City FC’s fan and
local communities, and working with our co-owners to further develop the Club as quickly as

As part of the announcement, CFG also appointed Senior Vice President of Partnerships, Damian
Willoughby, as Chief Executive Officer of City Football Group India. Damian will be relocating from
Singapore to Mumbai in the coming weeks.

– Ends –

About City Football Group
Established in May 2013, City Football Group is the world’s leading private owner and operator of
football clubs, with total or partial ownership of seven clubs in major cities across the world: Premier
League Champions Manchester City in the UK, New York City FC in the US, Melbourne FC in Australia,
Yokohama F. Marinos in Japan, Club Atletico Torque in Uruguay, Girona Futbol Club in Spain and
Sichuan Jiuniu FC in China. With twelve offices around the world, CFA also invests in other football
related businesses and projects and serves as a global commercial platform for its partners, whilst
fulfilling its vision of using football for social good on a local and global scale through its clubs’
charities, foundations and other CSR initiatives.
Abu Dhabi United Group, the investment vehicle owned by His Highness Sheikh Mansour bin Zayed
Al Nahyan, is the majority CFG shareholder (c.77%). In addition, c.12% of CFG equity is held by a
consortium of Chinese institutional investors led by China’s leading media and entertainment
conglomerate CMC Inc. A further c.10% is owned by Silver Lake, a global leader in technology

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