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Man City parent company buys into 10th club

Sep 03, 2020 - BBC
Mergers and Acquisitions

Manchester City’s owners, Abu Dhabi United Group, have a majority stake in CFG City Football Group, the parent company of Manchester City, has bought a majority stake in French side Troyes and now owns or part-owns 10 clubs.

CFG has acquired the shares of Daniel Masoni to take over the Ligue 2 team.

French businessman Maxime Ray will have a minority stake and sit on the club's board.

Chief executive Ferran Soriano said CFG has had "an interest in French football for some t...