City Football Group Divests Stake in Mumbai City FC After Six Years
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City Football Group (CFG) has confirmed that it has divested its shareholding in Indian Super League (ISL) side Mumbai City FC, bringing an end to a six-year association with the club.
CFG acquired a 65 per cent controlling stake in Mumbai City FC in November 2019, marking the group’s expansion into Indian football and making the club its eighth addition to the multi-club network at the time. The partnership proved highly successful on the pitch, with Mumbai City FC winning two ISL League Winners’ Shields and two ISL Cup titles during CFG’s tenure.
In a statement released on December 26, Mumbai City FC confirmed that CFG has relinquished its majority stake, with the club’s founding owners set to assume full control moving forward.
“Mumbai City FC can confirm that City Football Group Limited (CFG) has divested its shareholding in the Club. The founding owners will assume full control of the organisation moving forward,” the statement read.
Reflecting on the partnership, the statement added: “Since 2019, CFG and Mumbai City FC have reached new heights – winning two ISL League Winners’ Shields and two ISL Cup titles, strengthening the Club’s football operations, and making meaningful contributions to the growth of the game in India.”
CFG noted that the decision followed a comprehensive commercial review, citing uncertainty surrounding the future structure of the Indian Super League as a contributing factor.
“CFG has made this decision following a comprehensive commercial review and in light of the ongoing uncertainty surrounding the future of the Indian Super League (ISL). This step reflects CFG’s disciplined and strategic approach—ensuring its focus remains on areas where it can have the greatest long-term impact.”
The group also expressed appreciation for those involved with the club, adding that it remains open to continued engagement in the Indian market.
“CFG remains proud of the achievements and deeply appreciative of everyone connected to Mumbai City FC – from players and coaches to staff, fans, and partners – and looks forward to continuing its relationships and partnerships in India in the years ahead.”
The move concludes a significant chapter in Indian football, with CFG’s involvement widely credited for raising professional standards and competitive performance at Mumbai City FC. Whether the group will re-enter Indian football through another club remains to be seen.