The Manchester City Football Group has submitted a proposal to buy Esporte Clube de Bahia, AS has been able to confirm. The cost of acquiring the Brazilian team would be close to 200 million euros.
The City Football Group (CFG), which already owns a large number of satellite teams, is very close to acquiring another another club. The owners of Manchester City were said to be interested in purchasing Esporte Clube de Bahia in a deal that would cost 175 million pounds, or 196 million euros at the time of this writing, according to the English newspaper Mirror, which Diario AS was able to confirm. The English publication Mirror reported on this information.
The treatment, though, was not performed by accident. This purchase is one illustration of an expanding trend of investment in the national soccer leagues following the passing of a law allowing Brazilian soccer teams to seek financing from outside sources. As a result, CFG would purchase 90% of Bahia, a team that has twice won the Brazilian championship. The 13th club in CFG’s portfolio could eventually replace this one.
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The decision to accept or reject the offer has not yet been made by the club’s current Salvadorian leadership, thus it is not yet definitive. The economic strategy is much more extensive than the 650 million reais or 127 million euros that the president, Guilherme Bellintani, alluded to at the start of the year when discussion of a potential sale of the Baha started. However, everything seems to point to it being accomplished.