City Football Group add Brazil’s top flight Bahia to stable of club ownership
May 5 – Brazil’s Bahia have become the latest club to join the City Football Group (CFG), the owners of English giants Manchester City.
CFG has purchased 90% of the club, leaving 10% to the club’s current administration in a split between the club’s football and the other operations. The deal is worth a reported $198.7 million.
“In Brazil, football is the number one sport but it’s not developed as it should from the economic point of view,”
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