Rain of petrodollars from the City Group in Brazil

The City Football Group does not want to stop its intention to expand throughout the world. The business group, owner of the all-powerful Manchester City, seeks to plant itself in Brazil to have a presence in a new league. According to Globo Esporte, the City Group would have made a proposal of 1 billion Brazilian reais to Atlético Mineiro, wanting one of the big clubs in Brazil..

The offer, estimated, would be for the acquisition of 51% of the Galo. Although at first it has not convinced the leadership of the Brazilian club (according to the Brazilian media), it would seek to create a structure of a Sociedad Anónima de Fútbol (SAF) to achieve it. However, the claims within Atlético Mineiro are greater, and aware of the importance of the club in Brazil its valuation is closer to 2 billion Brazilian reais.

A few days ago, the representatives of Atlético MG and Ferran Soriano (general director of the City Group), met to talk regarding the possibility of this movement. Likewise, in November there was also a meeting in Manchester to learn regarding the structure of Manchester City.

The tentacles of the City Group

The City Football Group spans several of the football leagues across the globe. His presence is in the Premier League, the MLS, the Australian A-League…among many other teams on which they have been putting the tie to generate an “empire” that not only affects the movement of players, but also the economic explosion of the clubs over which their management begins.

Now, Brazil might be a new place to settle in the football world, also maximizing its presence in South America.. It should be noted that, in addition, the business of the business group has grown lately in the acquisition of footballers for its different clubs. Julian Alvarez, Kayky, Tiago Palacios, Kluiverth Aguilar…some of the names.

The list of clubs of the City Group

  • Manchester City (Inglaterra)
  • New York City F.C. (USA)
  • Melbourne City (Australia)
  • Yokohama F. Marinos (Japan)
  • Montevideo City Torque (Uruguay)
  • Girona F.C. (Spain)
  • Sichuan Jiuniu FC (China)
  • Mumbai City (India)
  • Lommel SK (Belgica)
  • ES Troyes AC (France)

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