Sources: Man City owners working on 'dream' deal almost 10 years in the making
Man City parent company City Football Group are close to fulfilling an ambition they have held since the company’s inception by linking up with a Southeast Asian outfit, sources have told Football Insider.
The multi-club network is reportedly on the verge of announcing a strategic partnership with two-time Singaporean champions Geylang International.
The agreement will likely be similar in structure to City Football Group’s alliance with Bolivia’s most successful club, Bolivar, formed in January last year.
Geylang will act as the group’s first outpost in Southeast Asia and will gain access to a wealth of technology, data, and strategic advice in return.
City Football Group was founded in 2013 and, in addition to the Bolivar partnership, now has 12 clubs under its control after the £114million acquisition of Brazilian side Bahia last week.
“To have a club in Southeast Asia, that has always been one of their dreams since the very start,” a source with knowledge of City Football Group’s operations told Football Insider.
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“The passion for football in that part of the world in particular has always been obvious, never up for debate. I know that’s something that is recognised at management level.
“From the Man City angle, you’re opening another opportunity for tours in the off-season. Liverpool and Man United have had real success in that department.
“There is a commercial angle to everything these guys do. The same will be true here.”
The makeup of City Football Group’s ownership recently shifted after American investment Silver Lake became the second-largest shareholder following the purchase of a tranche of shares from China Media Capital.
China Media Capital now own close to one per cent and Silver Lake 18 per cent, with the remaining equity owned by Abu Dhabi United Group.