Manchester City's parent company buys major share in La Liga club Girona FC

Manchester City's parent company have bought a major share in promoted Spanish Liga side Girona, it was announced on Wednesday.

AFP August 24, 2017 08:57:58 IST
Manchester City's parent company buys major share in La Liga club Girona FC

Madrid: Manchester City's parent company have bought a major share in promoted Spanish Liga side Girona, it was announced on Wednesday.

Manchester Citys parent company buys major share in La Liga club Girona FC

Sheik Mansour bin Zayed Al Nahyan is the owner of City Football Group. Reuters

The 44.3 percent stake purchased by the City Football Group matches the share in the Catalan club held by the Girona Football Group, a company owned by Pere Guardiola, the brother of Pep Guardiola who is the coach of the Premier League giants.

"City Football Group and Girona Football Group are the majority shareholders, and the new owners have set themselves the objective of maintaining, consolidating and expanding Girona to permanently establish itself in La Liga," said a statement.

The value of the agreement was not disclosed but Spanish media claimed the club's new shareholders bought the stake previously owned by French company TVSE Futbol.

The new agreement, which has already received the green light of the Spanish Sports Ministry, allows Girona to loan five players from Manchester City this season.

Updated Date:

also read

LaLiga: Ronald Koeman to stay on as Barcelona coach for next season
Sports

LaLiga: Ronald Koeman to stay on as Barcelona coach for next season

Barcelona last season only won the Copa del Rey under Koeman.

Premier League: Martin Odegaard to leave Arsenal when loan stint ends in June
Sports

Premier League: Martin Odegaard to leave Arsenal when loan stint ends in June

Brazil defender David Luiz and Spain midfielder Dani Ceballos are also leaving when their contracts end on 30 June, Arsenal said. Ceballos was on loan from Real Madrid, also.

Premier League: Thomas Tuchel, Olivier Giroud, Thiago Silva extend Chelsea contracts
Sports

Premier League: Thomas Tuchel, Olivier Giroud, Thiago Silva extend Chelsea contracts

Chelsea were revitalised by Tuchel's arrival, climbing the table to finish fourth before winning European club football's biggest prize against Manchester City in Porto last weekend.