City Football Group Adds Uruguayan Second Division Side to Portfolio

April 3, 2017

City Football Group, the parent company of Premier League side Manchester City, has reached a deal to take control of Uruguayan second division franchise Club Atletico Torque.

The news was confirmed on Monday, with club president Pablo Nikitov telling Bloomberg that a 10-year deal has been struck.

It’s the first entry into the South American market for CFG, who also own Major League Soccer side New York City FC and Australian A-League club Melbourne City. CFG also have a minority shareholding in Japanese side Yokohama Marinos.

Torque are based in Uruguay’s capital of Montevideo and were only founded in 2007. Now, however they will be hopeful of embarking on a prosperous future. No financial details have emerged as yet.

The new acquisition may make it easier for player transfers between South America and Europe, with Manchester City already boasting stars from the region such as Sergio Aguero and Gabriel Jesus.

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