Manchester City continue global expansion after they purchase minority share in Japanese J0League club Yokohama F Marinos
City already own shares in New York City FC and Melbourne Heart and have taken their first steps into investing in Asian football
Tuesday 20 May 2014
Manchester City have expanded their growing global portfolio by announcing the purchase of a minority stake in Japanese J-League club Yokohama F Marinos.
The deal will bring the Marinos into a network which also includes new Major League Soccer franchise New York City FC and Australian club Melbourne Heart, as well as City's senior, youth and women's teams.
The partnership was announced in conjunction with the Marinos' owners, car manufacturer Nissan, and will see the four-times Asia champions gain access to the coaching, management, medical and sports science expertise of the City Football Group.
City chief executive Ferran Soriano said: "We're thrilled to be able to play a role in investing and building on the ongoing success of YF Marinos.
"We are proud to offer a collaborative and integrated approach to the football, marketing, media and commercial development of all the clubs in the City family.
"At the same time, we are proud that each of our clubs is firmly rooted and invested in its local community as well as connected and engaged with its supporter base.
"We are very much looking forward to starting our collaboration."
The announcement comes a year after City announced the launch of their MLS project in conjunction with baseball's most famous club, the New York Yankees.
In January, they then acquired an 80 per cent stake in Melbourne Heart as the major investor in a consortium that took over the A-League club.
Their latest project sees them invest in a long-established Japanese top-flight club. As well as their Asian titles, the Marinos have won the J-League three times and finished runners-up last year.
Carlos Ghosn, president and chief executive of Nissan, said: "The YF Marinos is an excellent soccer club with a rich history which has grown hand in hand with Nissan.
"This partnership will contribute to the growth of the club, the growth of our shared hometown, Yokohama, as well as Yokosuka and Japanese soccer."
Latest in Sport
- 1 Ireland gay marriage vote: 'No' campaign appears to concede amid reports of 'yes' landslide victory
- 2 Purity balls: Girls in the US making virginity pledges as fathers vow to 'protect purity'
- 3 Picture of couple posing with beached dolphin 'that later died' causes outrage
- 4 16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
- 5 Arsenal fan asks the Queen for tickets to the FA Cup final - gets a reply from Buckingham Palace
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland