cfg Scores First Brazilian Club
City Football Group (CFG), the owners of Premier League football club Manchester City, has bought Brazilian club Bahia.
The deal marks the latest move made by CFG as it continues to expand its multi-club model with its first Brazilian team.
The club competes in Brazil’s top national league and have won the title twice, most recently in 1988, and joins Montevideo City Torque in Uruguay and partner club Bolivar in Bolivia on CFG’s South American roster.
CFG has acquired a 90% stake in the Salvador-based club.
CFG CEO, Ferran Soriano, said, “In Brazil, football is the number one sport but it’s not developed as it should from the economic point of view.”
“Today, the Premier League is what it is due to how it was structured. It will depend on us and the other Brazilian clubs to grow the championship in a general way.
“The potential is spectacular. It is the greatest source of talent in the world. The opportunity cannot be lost and I want to help.”
Manchester City, New York City FC, Melbourne City, Yokohama F Marinos, Girona, Sichuan Jiuniu, Mumbai City, Lommel, Troyes and Palermo complete CFG’s current portfolio of football clubs.
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