CFG pull out of India’s Mumbai City FC
December 29 – City Football Group (CFG), who have built a 13-team multi-club ownership model around Manchester City, are pulling out of Indian Super League side Mumbai City FC.
Having bought 65% of the club’s share in 2019, Mumbai City will now return to the full ownership of Bollywood actor Ranbir Kapoor and businessman Bimal Parekh.
“The founding owners will assume full control of the organisation moving forward,” Mumbai said in a statement on their official website.
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