Manchester City owners acquire Chinese third tier club
20 February 2019
Owners of Manchester City buys Chinese low league club.
The City Football Group hope to increase its influence in Asian football market.
City Football Group, the owners of several football clubs including Manchester City, announced the acquisition of Chinese club Sichuan Jiuniu FC as the group seeks to increase its influence in the largely untapped Asian football market.
The deal was announced at a press conference in Chengdu where the Chinese third tier club is based, alongside Chinese robotics and AI company UBTECH and investment fund China Sports Capital, also part of Sichuan Jiuniu FC’s new ownership group.
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