City Football Group divests its stake in Mumbai City

Mumbai City FC has confirmed that City Football Group Limited (CFG), a conglomerate whose parent company is Manchester City FC, “has divested its shareholding” in the Indian club and that “the founding owners will assume full control of the entity going forward.”

This was indicated this Friday by the Bombay club. “Since 2019, CFG and Mumbai City have reached new heights, winning two Indian Super League (ISL) titles and two ISL Cup titles, strengthening the club’s football operations and making significant contributions to the growth of the game in India,” he added in his note.

“CFG has taken this decision following a thorough commercial review and in light of the current uncertainty surrounding the future of the Indian Super League (ISL). This step reflects CFG’s disciplined and strategic approach, ensuring that its attention is focused on the areas where it can have the greatest long-term impact,” the same official statement underlined.

That note concluded that “CFG remains proud of the achievements and deeply grateful to everyone associated with Mumbai City, from players and coaches to staff, fans and partners, for their commitment and passion, and looks forward to continuing its relationships and partnerships in India in the years to come.”