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Reuters
JASON CAIRNDUFF
The City Group, owner of Manchester City, the Premier League club, announced today, Monday, the acquisition of Belgium’s second-tier club, Lommel.
“This investment is part of a long-term strategy to be present in prominent soccer countries that play beautiful football and develop talent,” said Ferran Soriano, CEO of City Football Group, in which the Emirati Sheikh Mansour bin Zayed Al Nahyan. It has a majority stake. .
“Lommel’s culture and training facilities have drawn us and its commitment to developing young players and we look forward to learning from their approach and helping the club develop in the months and years to come,” he added.
The British Broadcasting Corporation, “BBC”, says that the City Group will pay Lumel’s debt, which amounts to £ 1.75 million as part of the deal.
The Belgian club will become the ninth team to buy the group, and the list includes New York City in the American League, Girona in the Spanish second division, as well as Manchester City.
Source: Agencies
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