Mumbai City FC are the latest club to be acquired by the City Football Group (CFG) with the deal being announced in Mumbai on Thursday evening.
As reported by Goal in March this year, advanced talks between the Mumbai City owners and CFG had been ongoing for some time and a deal which is set to come into effect immediately has now been struck.
CFG, who own Premier League giants Manchester City, have diversified their investments across the world of football in the last five years or so with Mumbai City set to become the eighth different club to come under its aegis.