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Saturday 18 November 2017

City stake in Girona

Pep Guardiola. Pic: Reuters
Pep Guardiola. Pic: Reuters

The owners of Manchester City have continued their worldwide expansion by acquiring a significant stake in LaLiga newcomers Girona.

The City Football Group have bought a 44.3 per cent holding in the club in an equal partnership with a group run by Pere Guardiola, the brother of City manager Pep Guardiola.

Pere Guardiola's Girona Football Group have also acquired a stake of 44.3 per cent in Girona, who won promotion to the Spanish top flight this year.

The CFG was formed as a parent company for City after Sheikh Mansour took over the Premier League club in 2008.

As well as City, it now owns New York City FC in the United States, Melbourne City in Australia and Club Atletico Torque in Uruguay. It also has a significant stake in Japanese side Yokohama F Marinos and a collaboration agreement with Venezuelan team Atletico Venezuela.

The deal, negotiations for which began in 2016, comes after a noticeable strengthening of the working relationship between Manchester City and Girona in recent months.

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