City Football Group completes a deal to acquire Club Bolivar

January 13, 2021 | By : Kiran Thakare
big_news

The City Football Group (CFG) continues to expand its reach across the world by acquiring clubs in big countries. The latest acquisition for them is from Bolivia as they complete a deal to takeover Club Bolivar. This will be the tenth club along with parent club Manchester City to join the City Football Group. It will also be the second South American club to be part of City Football Group after Atletico Torque in Paraguay.

Club Bolivar is the most successful football club in Bolivia. They currently have 29 top division titles to their name, most in the South American country. There has been no public statement regarding the percentage of stake that City Football Group has bought in Club Bolivar, but it is likely to be a significantly big stake as they did with other clubs across the club.

As part of this deal, Club Bolivar will now be able to use all the technical knowledge and infrastructure that is there under the disposal of CFG. The biggest club in Bolivia is likely to get even bigger as they will be getting world-class facilities owned by CFG to get better on and off the pitch.

Manchester City was initially bought by Sheikh Mansour under the consortium of City Football Group in 2008. The Manchester-based club has enjoyed tremendous success since this takeover and CFG continued to add sister clubs to the portfolio of the English clubs.

The acquisitions of several clubs across the globe helps them to nurture some of the best football talents. Moreover, CFG also gets a chance to become a commercial powerhouse by taking over clubs that are fondly loved in various countries. CFG has also invested in the Indian Super League as they bought a majority stake in Mumbai City FC in 2019.



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