Manchester City owners considering buying club in India
The owners of Manchester City are considering buying a club in India, says chief executive Ferran Soriano.
City Football Group increased its portfolio to seven clubs after buying a stake in Chinese third-tier side Sichuan Jiuniu FC in February.
As well as Manchester City, the group also owns or has shares in New York City, Melbourne City, Yokohama F Marinos, Atletico Torque and Girona.
“With all these developments we have to be patient,” said Soriano.
“We have some interest in some markets and countries where there is a genuine football passion and opportunities, like China, but also India. So there might be other opportunities in Asia.
“We’ve been looking at India for nearly two years now. I’d say this year we’ll end up doing an investment in India.”
City Football Group was created in 2013 as City’s first sister club was established in New York.
“As we see it now, there is a natural pace of growth that we will follow that takes us to more than seven teams, but not 100 teams,” added Soriano.
“I cannot see 10 years ahead but the group might have two or three teams more. Is this going to change in five years and we’re going to have more? Maybe, I don’t know that.
“But to complete the vision that we had six years ago, I think we will have maybe two or three clubs more.”