City Football Group Buy New Club
The City Football Group (CFG), the holding company that administers all clubs under the ownership of Abu Dhabi United Group have now added Belgium second division side Lommel SK to their portfolio.
The City Football Group (CFG), the holding company that administers all clubs under the ownership of Abu Dhabi United Group – which is owned by Sheikh Mansour bin Zayed Al Nahyan– have now added Belgium second division side Lommel SK to their portfolio.
“City Football Group has agreed the acquisition of Belgian Football Club, Lommel SK,” a statement on City’s official website read.
“The investment further grows CFG’s global presence and focus on developing clubs, academies and players.
“As part of CFG’s network of clubs, Lommel will contribute to and benefit from the sharing of knowledge and experience across the Group. Completion of the agreement follows the renewal of Club’s professional footballing licence.
Ferran Soriano, CEO of CFG, said: “We are excited to welcome Lommel SK to City Football Group and to work together with the fans and the city to develop the Club.
“Belgium is one of Europe’s best football countries as demonstrated by the success of the national team and the development of world-class players, some of whom we know very well, like Kevin De Bruyne and Vincent Kompany.
“This investment is part of our long-term strategy to be present in key football countries, play beautiful football and develop talent.
“We were attracted to Lommel’s culture, training facilities and commitment to youth development, and we look forward to learning from their approach and helping the Club to evolve in the months and years ahead.”
CFG owned/part-owned clubs:
New York City
Yokohama F Marinos
Montevideo City Torque
Source : City Football Group