Kieran Maguire: Man City plotting 'major investment' as talks with Euro giants reported
Man City are eyeing a “major strategic investment” with their talks to buy a stake in Spartak Moscow.
That is the view of finance expert Kieran Maguire, speaking exclusively to Football Insider about City Football Group’s latest investment ambitions.
The Sun reported on 2 November that City Football Group representatives have held talks with 22-time Russian league champions Spartak.
It is claimed that they are interested in acquiring a 20 per cent stake in the club and keen to expand their portfolio of football clubs to 11.
They own stakes in Melbourne City, Montevideo City, Lommel SK, New York City, Mumbai City, Girona, Sichuan Jiuniu, Yokohama F. Marinos and Troyes.
Current Spartak owner Leonid Fedun, who saw a £400million bid to buy Wolves rejected in July, is looking to sell the club.
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Maguire used his expertise to explain why City’s ambitions do not extend to a total buyout of the Russian capital-based outfit.
“I suspect that it will have to be a relatively low investment in this instance,” he told Football Insider correspondent Adam Williams.
“The reason is that there is the potential that these two clubs could potentially meet one another in Europe.
“That would, of course, cause a conflict of interest and Uefa would have to give some form of ruling.
“So I think it’s more likely this is a major strategic investment from City Football Group. They have similar arrangements in place at other clubs”