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Man City owners buy majority stake in Mumbai City

The owners of Manchester City have become the majority shareholders of Indian Super League side Mumbai City.

The City Football Group has purchased a 65 per cent stake in the club, with the remaining 35% retained by existing shareholders Ranbir Kapoor – a renowned actor and filmmaker – and Bimal Parekh.

Mumbai are the eighth football club to fall under the CFG umbrella, along with Premier League champions Manchester City, New York City in MLS, Australia's Melbourne City, Yokohama F. Marinos in Japan, Club Atletico Torque of Uruguay, Girona in Spain and Sichuan Jiuniu in China.