Mumbai City FC dealt massive ownership blow: Check out reason

Mumbai City FC dealt massive ownership blow: Check out reason

The City Football Group (CFG), the holding company of Manchester City, has announced its decision to divest its stake in Mumbai City FC.

The move comes amid ongoing uncertainty over the future of the Indian Super League (ISL).

CFG had acquired a 65% stake in Mumbai City FC in 2019 and during their tenure, the club became one of ISL's most successful teams with four major titles under its belt.

CFG's statement on divestment and future plans

Confirming the divestment, Mumbai City FC said CFG has sold its stake in the club to founding owners Ranbir Kapoor and Bimal Parekh.

"Mumbai City FC can confirm that City Football Group Limited (CFG) has divested its shareholding in the Club," read a statement from the club.

"The founding owners will assume full control of the organization moving forward."

CFG's contribution to Indian football and future focus

Reflecting on their partnership with Mumbai City FC, CFG highlighted the on-field success and broader contributions to Indian football over the last five years.

"Since 2019, CFG and Mumbai City FC have reached new heights, winning two ISL League Winners's Shields and two ISL Cup titles," said a statement from the group.

"This step reflects CFG's disciplined approach, ensuring its focus remains on areas where it can have the greatest long-term impact."

CFG's future engagement with Indian football

Despite its exit from Mumbai City FC, CFG has assured that it will continue to engage with Indian football in other capacities.

"CFG remains proud of the achievements and deeply appreciative of everyone connected to Mumbai City FC from players and coaches to staff, fans, and partners for their commitment and passion," said the group.

The move comes amid growing uncertainty over the ISL's future as clubs seek clarity on both immediate and long-term prospects of India's top-tier league.

Mumbai City FC have won 4 trophies

Mumbai City FC won two ISL League Shields in 2020-21 and 2022-23. Meanwhile, they won the ISL Cup twice in 2020-21 and 2023-24 respectively.