City Football Group announce acquisition of Chinese club
By Ric Turner, Fri 22 February 2019 16:35
Sichuan Jiuniu become the seventh team to come under the umbrella of the CFG
City Football Group have announced the acquisition of Chinese club Sichuan Jiuniu, who become the seventh team to come under the umbrella of the CFG. It is a joint-purchase with China Sports Capital and Ubtech.
Based in Chengdu in Sichuan Province, Sichuan Jiuniu plays its home games at the 27,000 capacity Chengdu Longquanyi Football Stadium, with the Club's first season under new ownership kicking off in March 2019.
Ferran Soriano, the CFG chief executive, 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. 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.”