sichuan jiuniu: Analysts say the 65 percent stake taken in Mumbai is new proof that CFG wants to build a global soccer-based entertainment conglomerate, according to The Japan Times. Mumbai's former owners, Bollywood actor Ranbir Kapoor and Bimal Parekh, a fund manager for Bollywood stars, will hold the remaining 35 percent of shares, said a CFG statement. Abu Dhabi-controlled City Football Group announced the takeover of the Indian side the day after a U.S. equity fund pumped 500 million in new cash into CFG, raising its value to 4.8 billion. ; On top of the English champions, CFG also owns or has minority stakes in New York City FC, Australia's Melbourne City, the J. League's Yokohama F. Marinos, Sichuan Jiuniu in China, Spanish second-division side Girona and Club Atletico Torque in Uruguay. We believe that this investment will deliver transformative benefits to Mumbai City FC, to City Football Group and to Indian football as a whole, said CFG chairman Khaldoon Al Mubarak. At the start they hired foreign stars including Nicolas Anelka, Freddie Ljungberg and Diego Forlan with English manager Peter Reid but could not buy success. Kapoor and Parekh founded Mumbai when the Indian Super League was created in 2014.
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