Manchester City purchase League Two Chinese club
City Football Group, are known to be heavily involved in a multitude of worldwide football related businesses.
Sichuan Jiuniu FC will join the Groups other entities, New York City FC of the MLS, Melbourne City in the Australian A-League and their flagship club Manchester City of the Premier League.
City Football Group have offices in China based in Shenzhen and Shanghai respectively.
Chief Executive Officer of City Football Group, Ferran Soriano, said: “Today marks an exciting new chapter in the growth of City Football Group. China is an extremely important football market, which we have been focused on for some time.
“We are delighted to welcome Sichuan Jiuniu FC to our Group, alongside our partners, China Sports Capital and UBTECH. We see this as a natural extension of our existing activities.
“From our work together at Manchester City and across CFG, our relationships with CMC Inc. China Sports Capital and UBTECH make us very confident that we have established a strong ownership group which is well placed to oversee this Club.
“We believe strongly in the future of football in China. We are making a long-term, sustainable commitment to grow and develop Sichuan Jiuniu FC and to nurture Chinese footballing talent.
“These objectives are equally important. Our immediate focus will be strengthening our football performance, using all of our experience and know-how, forging a strong relationship with our fans and building a strong presence in the community. We cannot wait to get started.”
“We can’t be more excited about this partnership.” said Sheng Li, Managing Partner of China Sports Capital, “We have always believed in the long-term opportunity of football in China and have been making our efforts to contribute through our investment portfolio.
“With City Football Group and UBTECH as our partners, we are committed to build Sichuan Jiuniu FC into one of the most professional football clubs in China with long-term sustainability and develop an ever-growing pool of talented young players for our football industry in China by leveraging City Football Group’s professional expertise and global network, and UBTECH’s industry leading Artificial Intelligence tools and R&D capability.”