According to sources who spoke to Football Insider, City Football Group (CFG) has informed their network of clubs that they will continue to support them financially. Regardless of the outcome of the Premier League’s case against Man City.
Despite the uncertainties surrounding their premium asset, it is thought that CFG has no imminent plans. No plans to increase their portfolio of 12 clubs.
After purchasing storied Brazilian club Bahia in December of last year, the multi-team conglomerate had already put the brakes on any immediate expansion plans.
Nevertheless, given the charges against Man City and the very real prospect that the club, which generates 90% of the group’s revenue. They could face extraordinary punishment, CFG has had to reevaluate their long-term goals.
The highest penalty irregularities claims made against City by the Premier League is relegation or an uncapped monetary fine.
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Man City and the charges against them
The other 11 teams in the CFG network are unlikely to be significantly impacted by the case. Until the three-person independent commission of the league hears it.
City may not find out their fate for up to four years. During which time CFG anticipates that clubs in the network will be beginning to show signs of independent profitability.
The majority of CFG’s around £5 billion enterprise value now comes from Man City, although it is envisaged that MLS team New York City and recently bought Bahia can also produce significant returns in developing markets.
CFG have outposts in four continents and have piled their chips on some of the fastest-growing leagues in the game.
The purchase of Bahia cost in the region of £100 million. And announced plans for the new stadium in New York City will cost CFG approximately £650 million. In 2027 construction will finish. Man City also one of them.
Abu Dhabi United Group owns 81 percent of them. While Silver Lake, an American private equity firm, owns 18 percent and China Media Capital, 1 percent.
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