SHANGHAI (AFP) - Manchester City's owners City Football Group (CFG) announced the purchase of Chinese third-tier club Sichuan Jiuniu on Wednesday (Feb 20) - in partnership with a Chinese investment fund and a company that makes robots.
The rare swoop for a Chinese team, after Sheffield United bought Chengdu Five Bulls in 2006, expands CFG's portfolio to seven clubs and follows the rapid growth of Chinese football in recent years.
Few details were revealed about the deal, which partners Abu Dhabi-owned CFG with China Sports Capital and UBTECH, a Chinese artificial intelligence and humanoid robotic company.
Investment fund China Sports Capital was jointly established by Sequoia China and Chinese state-linked CMC, which bought a 13 per cent stake in CFG in 2015.
CFG also owns New York City and Melbourne City football clubs, but chief executive Ferran Soriano said it had been a long-held "dream" to become part of China's growing football scene.
"We want to be part of the initiative... even just a small part," he told a press conference in Chengdu.
"We will be patient. We are here for the long-term."
CFG is also the owner of Club Atletico Torque in Uruguay, and has stakes in Spanish LaLiga outfit Girona FC and Yokohama F. Marinos in Japan's J-League.
Sichuan Jiuniu, its latest addition, are based in the western Chinese metropolis of Chengdu, and play their home games at the Chengdu Longquanyi Football Stadium.
Chinese football was buoyed by an influx of funds and foreign stars after President Xi Jinping, who visited Manchester City in 2015, outlined ambitions to turn the world's most populous nation into a global football power.
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South Korea's victorious under-18 team were stripped of the Panda Cup on Thursday (May 30), after they infuriated hosts China with their celebrations. The Koreans had already apologized to "all the people in China" after a picture emerged of a player with his foot on the trophy.
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Ticketing information and further pre-season matches to be announced in the coming weeks; Tour 2019, presented by Visit Abu Dhabi, will see the team visit Asia and today the Club confirmed its visit to Japan. Manchester City will play City Football Group sister club, Yokohama F. Marinos in the Nissan Stadium, Yokohama on 27 July 2019.
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Football: Villa return to Premier League with win over Derby County LONDON (REUTERS) - Aston Villa returned to the Premier League, after a three year absence, beating Derby County 2-1 in the Championship playoff final at Wembley on Monday (May 27).
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Defender Kadeisha Buchanan scored on the stroke of halftime to hand Canada a winning start to the women's World Cup as they edged Cameroon 1-0 at a rainy Stade de La Mosson on Monday.
Canada open World Cup campaign with slender win over Cameroon
Klopp pointed to City's financial power, backed by the club's Abu Dhabi owners, as a principal reason why they will not be easy to overhaul. However, unlike Manchester United, who ended the season as close to the relegation zone as they were to City, 32 points behind the champions in sixth, City have invested their money wisely.
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English quartet aiming for glory at Wentworth (European Tour) Englishmen Matthew Fitzpatrick, Tyrrell Hatton, Danny Willett and Chris Wood are targeting victory on home soil after confirming they will be part of the field for next month's BMW PGA Championship at Wentworth Club.
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