Manchester City owners close to buying their 13th club
AS has been able to confirm that the Manchester City Football Group has made a bid to purchase Esporte Clube de Bahia. A price tag of close to 200 million Euros would be required to acquire the Brazilian squad.
The City Football Group (CFG) is extremely close to acquiring another club to add to its extensive roster of satellite teams. It was reported by the English newspaper Mirror, and Diario AS was able to confirm it, that the owners of Manchester City would acquire Esporte Clube de Bahia in a transaction that would cost 175 million pounds, which is equivalent to 196 million euros given the current exchange rate. This information was reported by the English newspaper Mirror.
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However, the procedure was not carried out by chance. Following the passage of a regulation that authorised Brazilian soccer teams to seek investment from outside sources, this transaction is one example of an increasing trend of investment in the country’s soccer leagues. Therefore, CFG would purchase ninety per cent of Bahia, which has won the Brazilian championship on two separate occasions. This club has the potential to become the 13th club in CFG’s portfolio.
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The club’s present leadership in Salvador has not yet decided whether or not to accept the offer, therefore the decision is not yet final. The economic plan is far higher than the 650 million reais or 127 million euros that the president, Guilherme Bellintani, mentioned at the beginning of the year when talk began of a possible sale of the Baha. However, everything seems to indicate that it would be done.