Man City owners buy third-tier Chinese club Sichuan Jiuniu
Thursday, February 21, 2019
City Football Group, the owner of English Premier League Champions Manchester City, has jointly purchased China's league two club Sichuan Jiuniu with UBTECH and China Sports Capital, it was announced yesterday.
The third-tier team Sichuan Jiuniu is the seventh male soccer club in which CFG has invested. They are also shareholders of US Major League club New York City, Melbourne City in Australia's A-League, Yokohama F. Marinos in Japan's J1 League, Club Atletico Torque in Uruguay's Primera Division and Girona in Spain's La Liga, CGTN reports.
China Sports Capital was jointly established by CMC Inc (the new name of CMC Holdings) and Sequoia China in 2017, and UBTECH, a Chinese humanoid robotic company which has cooperated with Man City since 2016, is the biggest shareholder of Jiuniu FC and chief executive Zhou Jian is now the president of the club.
Established in 2017, Jiuniu FC ranked in the last third of 26 teams in League Two season 2018 and surprisingly reached the 2018 China Football Association Cup last eight. With another Sichuan club Annapurna FC being promoted to League One as the winners in last season, Jiuniu FC have the confidence to go further.
"We believe strongly in the future of soccer in China," said City Football Group chief executive Ferran Soriano. "We are making a long-term, sustainable commitment to grow and develop Sichuan Jiuniu FC and to nurture Chinese soccer talent."