English Premiership

Man City owners team with robot-makers to buy Chinese club

2019-02-20 12:43
Pep Guardiola
Pep Guardiola (Getty Images)

Shanghai - Manchester City's owners City Football Group announced the purchase of Chinese third-tier club Sichuan Jiuniu on Wednesday - in partnership with a Chinese investment fund and a company that makes robots.

The rare swoop for a Chinese team, after Sheffield United bought Chengdu Five Bulls in 2006, expands CFG's portfolio to seven clubs and follows the rapid growth of Chinese football in recent years.

Few details were revealed about the deal, which partners Abu Dhabi-owned CFG with China Sports Capital and UBTECH, a Chinese artificial intelligence and humanoid robotic company.

Investment fund China Sports Capital was jointly established by Sequoia China and Chinese state-linked CMC, which bought a 13% stake in CFG in 2015.

CFG also owns New York City and Melbourne City football clubs, but chief executive Ferran Soriano said it had been a long-held "dream" to become part of China's growing football scene.

"We want to be part of the initiative... even just a small part," he told a press conference in Chengdu.

"We will be patient. We are here for the long-term."

CFG is also the owner of Club Atletico Torque in Uruguay, and has stakes in La Liga outfit Girona FC and Yokohama F. Marinos in Japan's J-League.

Sichuan Jiuniu, its latest addition, are based in the western Chinese metropolis of Chengdu, and play their home games at the Chengdu Longquanyi Football Stadium.

Chinese football was buoyed by an influx of funds and foreign stars after President Xi Jinping, who visited Manchester City in 2015, outlined ambitions to turn the world's most populous nation into a global soccer power.

Read more on:    manchester city  |  soccer

 

Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

Fixtures
Saturday, 30 March 2019
Fulham v Manchester City, Craven Cottage 14:30
Leicester City v AFC Bournemouth, King Power Stadium 17:00
Manchester United v Watford, Old Trafford 17:00
Crystal Palace v Huddersfield Town, Selhurst Park 17:00
Brighton & Hove Albion v Southampton, The American Express Community Stadium 17:00
Burnley v Wolverhampton Wanderers, Turf Moor 17:00
West Ham United v Everton, London Stadium 19:30
Sunday, 31 March 2019
Cardiff City v Chelsea, Cardiff City Stadium 15:05
Liverpool v Tottenham Hotspur, Anfield 17:30
Monday, 01 April 2019
Arsenal v Newcastle United, Emirates Stadium 21:00
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Who will claim the Premier League title at the end of the 2018/19 season?

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2018/19 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.