88-526: City Football Group Limited ( CFG ) is a British-based holding company that administers association football clubs. The group is owned by three organisations, of which 81% is majority-owned by Abu Dhabi United Group , 18% by the American firm Silver Lake , and 1% by Chinese firms China Media Capital and CITIC Capital . The Abu Dhabi United Group is owned by Sheikh Mansour bin Zayed Al Nahyan , member of
176-561: A 5–1 loss in March 2019. But there is more to this rivalry than just on-field results. Before the start of 2020–21 season , Mumbai City FC, under new ownership of CFG , raided FC Goa and signed five key players from the Gaurs in Ahmed Jahouh , Mourtada Fall , Hugo Boumous , Mandar Rao Dessai and Amey Ranawade . The Islanders also roped in head coach Sergio Lobera , who had been sacked by Goa just
264-449: A 65% stake in the club, adding Mumbai City FC as the eighth club under the City group. Note: Flags indicate national team as defined under FIFA eligibility rules . Players may hold more than one non-FIFA nationality. Note: Flags indicate national team as defined under FIFA eligibility rules . Players may hold more than one non-FIFA nationality. Mumbai City fielded a reserve team in
352-477: A business vision by former Barcelona Economy Vice President Ferran Soriano . Soriano first conceived of the ideal of a global football entity while at the Catalan club, beginning with the creation of Barca-branded overseas academies. Soriano contacted Major League Soccer Commissioner Don Garber about creating a Barcelona-branded MLS franchise, and the pair progressed as far as looking into several locations to place
440-529: A confidant of Soriano. Early growth in the group focused on teams sharing a common identity and an associated brand, which aligned with the traditional identity of Manchester City and was viewed as a key way of helping the Manchester club build up its foreign support. This also matched Soriano's well-reported interest in placing City Football Group as a lynchpin in the opening-up of national markets in which association football has not previously been able to secure
528-477: A design similar to New York City's badge as part of CFG's early attempts to synergise their investments as a brand, and the club's colours would slowly be changed to sky blue with their red-and-white stripes retained as away colours. In the weeks following their purchase of Melbourne City, CFG indicated their intentions of investing in women's football by rebranding Manchester City's female affiliate as Manchester City Women's Football Club, and successfully lobbied for
616-440: A former French international who had been a free agent since his departure from West Bromwich Albion earlier in the year. Three days later, former Swedish international Freddie Ljungberg was signed as the team's first marquee sing player, returning from two years of retirement. Mumbai were the visitors in the first ever ISL match on 12 October 2014, at Atlético de Kolkata 's Salt Lake Stadium . Without Anelka and Ljungberg,
704-519: A game in hand, thanks to Modou Sougou's second hat-trick in the league, which is also a record for having maximum hat-tricks for the Islanders. The 3rd-place finish saw them face off against FC Goa , which resulted in a 5–1 defeat at Home despite Mumbai opening the scoring. They managed to bounce back and beat Goa in the Away fixture by a scoreline of 1–0, but it wasn't enough; hence the islanders could not play in
792-585: A joint venture partnership with Goals Soccer Centres , a 5-a-side football pitch operator, to invest capital into the US operations of the company in order to expand across North America. On 3 February 2020, CFG purchased the remaining 50% to take full ownership of the joint venture – operating under the Americanised name Goals Soccer Centers – following the near-collapse of their partner as a result of historic fraud allegations. Holding company A holding company
880-448: A new company and keeps majority shares with itself, and invites other companies to buy minority shares, it is called a parent company. A parent company could simply be a company that wholly owns another company, which is then known as a " wholly owned subsidiary ". Mumbai City FC Mumbai City Football Club is an Indian professional football club based in Mumbai , Maharashtra . It
968-513: A parent company material influence if they are the largest individual shareholder or if they are placed in control of the running of the operation by non-operational shareholders.) In the United Kingdom, the term holding company is defined by the Companies Act 2006 at section 1159. It defines a holding company as a company that holds a majority of the voting rights in another company, or
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#17328488006811056-427: A partnership with FaZe Clan which would see the two run various esports competitions and merchandising lines, as well as allowing City's and FaZe's FIFA players to share facilities and train together. In 2022, CFG announced that it was sponsoring Blue United eFC, in a move which would see Blue United wear CFG-style sky blue shirts at competitive events. It was announced on 12 January 2021 that Club Bolivar had become
1144-491: A release clause of ₹1.6 crores, a record fee in Indian football. Along with Boumous, they signed some core players from Goa, including Fall , Jahouh , Mandar , and Jackichand . During the first phase of the league, Mumbai City FC got 25 points from the first ten matches, which included eight wins, one draw, and one loss. Towards the end of the league stage, they registered only two wins in six games. However, they managed to win in
1232-631: A season before adding more spice to the rivalry. Mumbai City have also developed a competitive rivalry with Mohun Bagan SG . They have contested for the League Shield for the past few years and are currently considered as two of the strongest teams in the ISL. The 2023-24 season saw the rivalry increase, with Mumbai City and Mohun Bagan battling each other for both the ISL Championship and the ISL Cup. Ahead of
1320-403: A shift in strategy and focus of the group. Efforts to continue their success in bringing through youth talent led to the buying of promising players in the early teenage years, many of whom would go on to be sold for a large profit. This prompted Soriano and CFG's executive management to change their ambitions to put more emphasis on purchasing smaller clubs in strong existing football markets, with
1408-527: A strong presence, through the operation of and investment in franchises in those countries. The first entity to join CFG was the newly created New York City, with the club announcing that they would sport the familiar sky blue kit with white shorts which Manchester City have traditionally been associated with, and the rebranded Melbourne City (originally named Melbourne Heart) similarly switched to sky blue after defeating challenges from fellow A-League club Sydney . With
1496-515: A three-month deal, with the option to extend for another year as a marquee player for the season. The arrival of the Uruguayan changed the dynamics of the struggling Mumbai team to title contenders. Forlán scored the first hat-trick of the Hero ISL 2016 season as The Islanders beat Kerala Blasters 5–0 at Mumbai Football Arena on 19 November 2016. It was also the first hat-trick of any marquee player in
1584-675: A total of 16 professional esports players across their various clubs. In 2021, Manchester City became the first CFG club to expand beyond FIFA when they signed Aiden "Threats" Mong to represent them in Fortnite tournaments. Unlike the other CFG teams, Manchester City would also go on to create separate esports teams in China and South Korea to compete in Asia-localised tournaments. In addition to having their own esports players, CFG have also collaborated with existing teams. In 2019, Manchester City announced
1672-583: A women's team in 2021 and New York City having previously held discussions about an affiliation with Sky Blue in 2014. In both Manchester and Melbourne, CFG (re)launched new women's sides in 2014 and 2015, promising to invest in women's football in unprecedent ways. In both cities, the women's teams would ultimately be given bespoke facilities which, in contrast to the standard for football clubs, shared training locations with their affiliated men's teams. Similarly, both cities would see returns for their investment, with Manchester City Women repeatedly finishing amongst
1760-499: Is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own stock of other companies to form a corporate group . In some jurisdictions around the world, holding companies are called parent companies , which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for
1848-624: Is a member of another company and has the right to appoint or remove a majority of its board of directors, or is a member of another company and controls alone, pursuant to an agreement with other members, a majority of the voting rights in that company. After the financial crisis of 2007–2008 , many U.S. investment banks converted to holding companies. According to the Federal Financial Institutions Examination Council 's website, JPMorgan Chase , Bank of America , Citigroup , Wells Fargo , and Goldman Sachs were
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#17328488006811936-471: Is defined by Part 1, Section 5, Subsection 1 of the Companies Act, which states: 5.—(1) For the purposes of this Act, a corporation shall, subject to subsection (3), be deemed to be a subsidiary of another corporation, if — In the United Kingdom, is generally held that an organisation holding a 'controlling stake' in a company (a holding of over 51% of the stock) is in effect the de facto parent company of
2024-723: Is part of the City Football Group . The club competes in the Indian Super League , the top tier of the Indian football league system . Mumbai City is one of the most successful clubs in the history of the ISL. They are the first club to win both the League Winners Shield and the ISL cup title in a single season, which it accomplished in the 2020–21 season . They are the only team to win the ISL league winners shield twice. Former England international Peter Quill managed
2112-547: Is reputed to have one of India's most vocal fan bases. The West Coast Brigade is one of the notable fan club of Mumbai City FC, which is known for its support to the team at both home and away matches. West Coast Brigade has a dedicated stand during the home matches at the Mumbai Football Arena . The players and the coach have often acknowledged the fans' support of the success and always engaged in fan interaction and promotional activities. In 2017, Mumbai City FC became
2200-584: The Abu Dhabi Royal Family and Vice President of the United Arab Emirates . The group derives its name from Manchester City , its flagship football club, and acts as the club's parent company. CFG also owns stakes in clubs in the United States, Australia, India, Japan, Spain, Brazil, Uruguay, China, Belgium, France, Italy and Turkey. Founded in 2013, City Football Group is the realisation of
2288-451: The COVID-19 pandemic . In the same year they would also expand their business interests by taking sole control of US-based five-a-side football business Goals Soccer Centers, a business they had previously invested in, following the near-collapse of the company's owners due to an internal scandal. In March 2022, Dutch second-tier side NAC Breda announced that following an investigation into
2376-476: The broadcast licenses to reflect this, resulting in stations that are (for example) still licensed to Jacor and Citicasters , effectively making them such as subsidiary companies of their owner iHeartMedia . This is sometimes done on a per- market basis. For example, in Atlanta both WNNX and later WWWQ are licensed to "WNNX LiCo, Inc." (LiCo meaning "license company"), both owned by Susquehanna Radio (which
2464-442: The shareholders , and can permit the ownership and control of a number of different companies. The New York Times uses the term parent holding company . Holding companies can be subsidiaries in a tiered structure . Holding companies are also created to hold assets such as intellectual property or trade secrets , that are protected from the operating company. That creates a smaller risk when it comes to litigation . In
2552-711: The 2018/19 ISL Final in Mumbai Football Arena. Even though Mumbai lost in the Play-offs, Arnold Issoko won the DHL Winning Pass of the League Award for his maximum number of assists (8 assists) in the League, and Modou Sougou became the joint second goalscorer with 12 Goals. Fan Favorite Amrinder Singh ended the league with the most saves and joint highest number of clean sheets (6). On that positive note, on 19 March 2019,
2640-518: The 2020–21 season seeing Manchester City send 14 foreign-sourced youth players out on loan, predominantly to other group clubs. In addition to internal player movements, CFG has also sought to foster movements of coaching staff within their network also; among the most notable relocations are French manager Eric Mombaerts , who has worked with Yokohama F. Marinos, Melbourne City and Troyes, Manchester City Women manager Nick Cushing transferring to New York and English coach Liam Manning transferring from
2728-462: The 2024-25 season, Mohun Bagan made headlines by signing one of Mumbai City's star players Apuia . On 13 April 2014, ISL announced that actor Ranbir Kapoor had won the bidding for the Mumbai team to be the eighth team in the inaugural season of the League with Bimal Parekh as co-owner. On 28 November 2019, it was revealed that City Football Group , a subsidiary of Abu Dhabi United Group , had bought
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2816-447: The 2nd leg with a scoreline of 1–2 in regulation time and equaled them in an aggregate score of 2-2, they lost on Sudden Death in a score of 9–8, thereby finishing the hopes for another ISL trophy and becoming the first team to do the double twice but ending a highly successful league campaign. Des was highly credited with improving the performances of young Indian players and for the attractive brand of football that Mumbai played throughout
2904-618: The ISL Shield, with the Mariners beating them 2-1 in the final league game in the season to clinch their first ISL Championship. However, Petr Kratky took revenge in the ISL Cup final , beating Mohun Bagan 3-1 to clinch the Islanders their second ISL Cup in history. In 2020, when the City Football Group purchased the club's majority share, they changed the primary colors into sky blue following
2992-419: The Islanders broke the news about their new head coach. Former Portugal international & Champions League Winner Jorge Costa signed as the manager of Mumbai City FC for the 2018/19 Indian Super League season. The club also signed Indian Internationals Alen Deory and Subhasish Bose along with some foreign players such as Modou Sougou , Rafael Bastos , Arnold Issoko and Paulo Machado . The team started
3080-641: The NYCFC academy to take over management of Lommel's first team. The second of CFG's core philosophies regarding club collaboration is on- and off-pitch technical information sharing. Based around the tactics of Manchester City manager Pep Guardiola – long coveted for the Manchester job by Ferran Soriano and Txiki Begiristain after their experience working with him in Barcelona – all of City Football Group's clubs are given access to extensive databases of Manchester City's tactics and coaching methods, enabling them all to follow
3168-446: The United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits such as tax-free dividends can be claimed. That is, if Company A owns 80% or more of the stock of Company B, Company A will not pay taxes on dividends paid by Company B to its stockholders, as the payment of dividends from B to A is essentially transferring cash within a single enterprise. Any other shareholders of Company B will pay
3256-447: The Uruguayan second-tier side Club Atletico Torque , who would later be renamed Montevideo City Torque. Several months later, Torque would be followed in by Spanish second division club Girona , a club with ownership links to incumbent Manchester City manager Pep Guardiola . 2019 saw the beginning of an increase in CFG's activity. The purchase of Chinese third division club Shenzhen Peng City (known as Sichuan Jiuniu F.C. at that time)
3344-673: The announcement of New York City as MLS' 20th expansion side less than one year later in May 2013. In the process of managing the creation of a second football team City Football Group was created, designed to be the holding company to which both Manchester City and NYCFC belonged. CFG expanded at the start of 2014 when it partnered with Rugby league side Melbourne Storm to acquire a controlling stake in A-League franchise Melbourne Heart for 12 million Australian dollars . The club would subsequently be rebranded to Melbourne City, and their badge changed to
3432-515: The back of the historic champions league campaign and making Mumbai reach the Durand Cup final in their maiden attempt, losing narrowly to Bengaluru FC by 2–1 in the final Mumbai City FC extended his contract for 2 years, keeping him at the club till the end of 2024/25 season. The club made a historic maiden run at 2022-23 Indian Super League by becoming League winners for the second time with two games to spare. They broke records in that season with
3520-628: The best bidders to sell the club's shares, the shareholders of the club had agreed to a sale to CFG. In response, the club's fans held protests both in Breda and also Manchester and Lommel . A month later, a group of shareholders with key voting rights announced that, in light of the backlash, they had elected instead to sell their shares to a local consortium. Since its inception, commenters have drawn parallels between City Football Group and Ferran Soriano's ideas spelled out in his 2011 book Goal: The Ball Doesn't Go In By Chance , in which Soriano remarked that
3608-448: The club during the In 2020, Sergio Ramos was announced as the manager for the new season and they won the ISL league winners shield and the ISL Cup title for the first time during the 2020–21 Indian Super League season . David Beckham who was appointed as the head coach before the 2021–22 Indian Super League season, led the team to two wins in the 2022 AFC Champions League making Mumbai
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3696-690: The club officials confirmed that Head Coach Jorge Costa had extended his stay there. The Portuguese signed a one-year extension and would remain at the helm for the Islanders until the end of the 2019/20 season. The next task for Jorge Costa and his side was the 2019 Hero Super Cup, with the Islanders drawn to play Chennaiyin FC in the Round of 16 on 29 March at the Kalinga Stadium in Bhubaneshwar. Costa opted to play with an almost all-Indian Squad having Lucian Goian as
3784-453: The end, they fell short of the final playoff spot by just three points by losing to Chennaiyin FC. Looking back at the records, the Islanders had registered a record statistic as they had 12 players on the scoresheet who scored the team's 25 goals. Costa's Mumbai City was known for being defensively strong and lethal on the counter-attack. It became the first team to do a league double over Bengaluru FC in ISL history and did not lose to them in
3872-431: The firm, having overriding material influence over the held company's operations, even if no formal full takeover has been enacted. Once a full takeover or purchase is enacted, the held company is seen to have ceased to operate as an independent entity but to have become a tending subsidiary of the purchasing company, which, in turn, becomes the parent company of the subsidiary. (A holding below 50% could be sufficient to give
3960-477: The first Indian team to win a game at the AFC Champions League group stage(omg wow), and ended up finishing second in the group, narrowly missing out on qualifying for the next round. In 2022–23 Indian Super League , Des led Mumbai to an 18-game unbeaten streak, the longest ever in the history of ISL and thereby won the second shield for Mumbai within 2 years after topping the league. In early 2014, it
4048-509: The first Southeast Asian partner club for the group. The agreement is set to be an initial, highly targeted collaboration between both entities with the potential to evolve into a broader, more comprehensive strategic partnership in the future. It was revealed on 18 February 2024 that Turkish Süper Lig club İstanbul Başakşehir signed an agreement with the group in order to improve their football strategy, recruitment, scouting and coaching methodology. On 25 July 2017, City Football Group signed
4136-458: The first body) is a subsidiary of another body corporate if, and only if: Toronto-based lawyer Michael Finley has stated, "The emerging trend that has seen international plaintiffs permitted to proceed with claims against Canadian parent companies for the allegedly wrongful activity of their foreign subsidiaries means that the corporate veil is no longer a silver bullet to the heart of a plaintiff's case." The parent subsidiary company relationship
4224-494: The first club in ISL history to announce a special section for away fans as a progressive step toward football fan culture. Mumbai City has a rivalry with their neighborhood club FC Goa , against whom they contest the West Coast Derby or western rivalry. The root of the rivalry between Mumbai City FC and FC Goa can be traced back since the appointment of Jorge Costa as Mumbai City's head coach in 2018. There were traces of
4312-539: The first game of the 2019–20 season resulting in a 1–0 win over Kerala Blasters. On 28 November 2019, City Football Group , a subsidiary of Abu Dhabi United Group , acquired a major stake in Mumbai City FC. This was the first time a top European club had acquired a majority stake in a club in India. There were ups and downs for Jorge Costa's team, but injuries to the mainstays of the team hampered Mumbai City FC's good run. In
4400-567: The first partner club for the group. Club Bolivar is the most successful Bolivian club, having won 30 domestic titles since it was founded in La Paz on 12 April 1925. The owner of Club Bolivar, Marcelo Claure , would go on to join the ownership group of New York City FC in September 2024, taking a 10% interest in the MLS club. Honours after partnership : División de Fútbol Profesional (1): 2022-A It
4488-605: The five largest bank holding companies in the finance sector, as of December 2013 , based on total assets. The Public Utility Holding Company Act of 1935 caused many energy companies to divest their subsidiary businesses. Between 1938 and 1958 the number of holding companies declined from 216 to 18. An energy law passed in 2005 removed the 1935 requirements, and has led to mergers and holding company formation among power marketing and power brokering companies. In US broadcasting , many major media conglomerates have purchased smaller broadcasters outright, but have not changed
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#17328488006814576-455: The following requirements are met: A parent company is a company that owns enough voting power in another firm (or subsidiary ) to control management and operations by influencing or electing its board of directors . The definition of a parent company differs from jurisdiction to jurisdiction, with the definition normally being defined by way of laws dealing with companies in that jurisdiction. When an existing company establishes
4664-637: The forefront of innovation, CFG made their first venture into digital gaming in June 2016 when they signed Kieran "Kez" Brown to represent Manchester City at FIFA tournaments and fan events, as well as to make digital content for their media profiles. Over the following years, CFG expanded their esports footprint as most of their clubs signed players to represent them in FIFA tournaments, with most clubs keeping one PlayStation player and one Xbox player on their books to represent them at all times. By early 2021, CFG would have
4752-471: The game 2–1, with Bipin Singh scoring the decisive goal in the 90th minute. Thus, Mumbai City FC became the first club to win the league winners' shield and the ISL trophy in a single season. On 8 October 2021, Mumbai City appointed English manager Des Buckingham as head coach on a two-year contract. The club began its 2021–22 season campaign with a 3–0 win on 22 November against FC Goa. Mumbai City finished
4840-494: The group directive to use the same style of football, a style occasionally referred to as "the City Way". This synergy of tactical style extends beyond their first teams to the academies and women's sections. In addition to this, the clubs also share other information, such as medical, performance monitoring and player management. Four of City Football Group's ten clubs sport women's teams, with Montevideo City Torque expected to launch
4928-414: The history of the ISL. The team conceded the fewest goals (8) of all teams in the league, whilst Lucian Goian finished with the most tackles (67). Alexandre's men in blues kept eight clean sheets in the group stage, making it a record across all three tournament editions. As a result, Mumbai City finished the 14 rounds with six wins, five draws, and three losses. However, it went down to Atletico de Kolkata in
5016-450: The intention of turning them into specialists centres for acquiring and training future stars from their local areas. One of the core philosophies of City Football Group since its inception has been the mutual supporting of clubs through combined scouting and player sharing. While virtually all large European clubs operate an international scouting network, financial demands make it impossible to access local knowledge in foreign countries to
5104-406: The knowledge that the range of clubs CFG owns means that they can be placed at any of a number of sides as their development continues and the need for other challenges arises. The player-sharing element of the City network was first evident with the high-profile transfer of Aaron Mooy from Melbourne City to Manchester City – an early case of utilising the network to support revenue generation – with
5192-494: The last two matches of the league stage. A win against Mohun Bagan in the final match of the league stage made them the winners of the League Shield, thus qualifying for the 2022 AFC Champions League group stage. By doing so, they became the second Indian club after FC Goa to play in the Champions League . The Islanders had earlier sealed their playoff berth with a 3–3 draw against FC Goa, with four league games to go which
5280-424: The league table. Due to such results, Anelka resigned and announced his departure at the end of the season. After the first two seasons, Mumbai City's management made big changes by appointing Alexandre Guimarães as the head coach for the 2016 ISL season. The club moved into their new home stadium, the Mumbai Football Arena, at Andheri. The club also signed 2010 FIFA World Cup Golden Ball winner Diego Forlán on
5368-415: The most points (46), most wins (14), least defeats (2), most goals scored (54), most positive Goal Difference (33), most successful passes (9047), and longest unbeaten streak (18 matches) since ISL's inception. However, they were beaten by Bengaluru FC and East Bengal FC in the last two league games, followed by a third defeat to Bengaluru FC in the 1st leg of the semifinals, 0–1. Although they defeated them in
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#17328488006815456-675: The natural evolution of club brands was to expand globally, and that doing so could include the creation of franchise clubs in foreign leagues. His book continued to expound upon the notion that appealing to foreign fans who had no strongly-ingrained non-domestic allegiances was an important facet of business growth of sporting brands, and that giving those fans a domestic side to support alongside and affiliated to their European club could encourage more loyalty from them. This idea would be termed " Disneyfication " by Professor Simon Chadwick , an expert in Eurasian sport at Emlyon Business School and himself
5544-453: The new signings did not perform at their very best as they finished the season in 7th position, failing to qualify for the playoffs, with the coach being criticized for overly defensive tactics. After the ISL season had concluded, Mumbai City FC also took part in the inaugural edition of the Super Cup. They kicked off proceedings smoothly by defeating Indian Arrows by a scoreline reading 2–1 in
5632-596: The only foreign recruit in their ranks. Costa also promoted two highly rated youths, Mohammed Kaif, and Nakul Shelke, from their youth ranks. The team started promisingly but failed to capitalize on the chances created and were eliminated from the Super Cup with a 2–0 defeat. After announcing the departure of club captain Lucian Goian to Chennaiyin FC before the 2019–20 season, MCFC brought in Mato Grgic , Serge Kevyn , Amine Chermiti , Diego Carlos , and Mohamed Larbi , with
5720-439: The pathway of their flagship club Manchester City . In the early years, the club's away kit was a white kit with royal blue featuring on the collar and sleeves. In 2018, the club changed the away colors into an all golden yellow kit. The Islanders shifted their home base to Mumbai Football Arena from the third season as DY Patil Stadium was allotted to go under construction for 2017 FIFA U-17 World Cup . Mumbai City FC
5808-479: The purchase of Mumbai City and the renaming of Club Atletico Torque to Montevideo City Torque, five teams in the group feature the word "City" in their name, and similarly all five wear sky blue kits. NYCFC's circular badge design would also be mimicked by the majority of the clubs in CFG: Melbourne City, Manchester City, Mumbai City, Torque, Girona, Lommel, and Shenzhen Peng City all went on to adopt badges with
5896-525: The qualifier round. However, they were defeated by East Bengal FC in the Round of 16. On 14 August 2018, MBFC officially stated, "Mumbai City FC and Alexandre Guimarães have parted company by mutual consent." This ended the Guimarães Era, with the Brazilian-born Costa Rican manager being with the Islanders since 2016. After the announcement that Mumbai City FC had parted ways with Guimarães,
5984-662: The rivalry before, but it started gaining momentum once the Portuguese – a Jose Mourinho ideologist, was appointed. It was natural that Sergio Lobera, whose philosophy is based on Pep Guardiola 's Barcelona, would rise as one of the main threats to the Islanders. The two sides played several interesting battles throughout the 2018–19 and 2019–20 campaigns. Mumbai City's three worst losses in Hero ISL history have come from FC Goa's hands. A 7–0 loss in November 2015, A 5–0 loss in October 2018, and
6072-521: The same basic style. Following from these changes, it was reported that the company's aim was to own a team on each continent with the "City" brand in its name. They have aggressively defended the City brand, issuing a cease and desist letter against the Chilean side Santiago City FC for using a club crest similar to Manchester City's. Developments within Manchester City's academy would ultimately lead to
6160-421: The same extent as a domestic club could. CFG clubs therefore provide invaluable services to each other by using their own local scouting networks to share information on players between clubs. With their combined knowledge, the group claims to have extensive information on half a million players around the world. Possessing such a network then allows the local clubs to sign players early in their development, safe in
6248-463: The season in fifth place and failed to qualify for the playoffs . Ahead of the 2022 AFC Champions League kick-off, the club went to Abu Dhabi for training and defeated Emirati giants Al Ain 2–1 in a friendly match. Under Buckingham, Mumbai City became the first Indian club to win a match in the AFC Champions League, as they defeated Al-Quwa Al-Jawiya of Iraq by 2–1. On 4 January 2023, on
6336-408: The season with a 2–0 loss at home to Jamshedpur FC, followed by a 1–1 draw to Kerala Blasters. The team then recorded a 2–0 win against FC Pune City and then lost 5–0 to Goa. After that coach Costa made some interesting tactical changes which led to the club's best unbeaten run in history (9 games unbeaten). The team ended December with a 6–1 win against Kerala Blasters, with Modou Sougou scoring 4 of
6424-512: The season. [REDACTED] On 9 December 2023, Petr Kratky was appointed as the new head coach of Mumbai City after Des Buckingham left mid-season to join EFL League One side Oxford United . His first game ended in a 0–0 draw away to FC Goa on 12 December 2023. His first win came on 20 December 2023, in a fiery 2–1 win over Mohun Bagan SG , which included 11 yellow cards and seven red cards. Mumbai City lost out to Mohun Bagan for
6512-421: The side lost 3–0. On 18 October 2014, the club registered their first victory over FC Pune City by beating them 5–0 at DY Patil Stadium , Mumbai, in which André Moritz registered the first ever hat-trick of ISL. The team finished seventh in the table out of eight and did not qualify for the playoffs . In July 2015, Nicolas Anelka became player-manager , replacing Englishman Peter Reid . Frantz Bertin
6600-566: The team to be added to the top tier of the FA Women's Super League , promising to invest in women's football on a scale never before seen in England. Later the following year, CFG would grow again with the purchase of a 20% in Japanese side Yokohama F Marinos , the traditional company team of group sponsor Nissan . In April 2017, after a near three-year pause in its expansion, City Football Group announced
6688-471: The team's six goals in the match, which was a record-breaking tally as Sougou became the first player in the league to score four goals in a single match. It was Mumbai's best-ever victory against any club. They also managed to break league leaders Bengaluru FC's unbeaten run at Mumbai Football Arena in January. The club managed to secure a play-off Finish with a 3–1 victory against ATK on 22 February 2019 with
6776-506: The team, but ultimately these plans were curtailed when Soriano and seven other members of Barcelona's board chose to resign in protest of then-President Joan Laporta 's leadership. After a four-year break from football management, Soriano was hired in late 2012 to replace Garry Cook as CEO of Manchester City following the latter's resignation. Soriano revived his ambitions of creating a global football business entity, beginning by resuming dialogues with Garber. Their discussions resulted in
6864-522: The top two and winning a series of domestic trophies while Melbourne City's unprecedented investment in Australian women's football – an area which had previously been underfunded and largely forgotten in the country – earned the side plaudits for their forward-thinking and would see their female side crowned Grand Final winners four times in five seasons. Looking to capitalise on the growth of esports , and for City Football Group to be seen as always being at
6952-649: The twin-legged semi-finals. In 2017, ISL announced another auction to make way for new entrants Jamshedpur FC & Bengaluru FC , which led other clubs to start the squad rebuilding process once again. Mumbai City FC managed to retain Alexandre Guimarães after he guided the club to their first-ever playoffs in three seasons. Still, they missed their star performers, including the club's all-time top goalscorer Sunil Chhetri. The club did manage to retain Captain & goalkeeper Amrinder Singh for 12.0 million INR. He
7040-483: The two years Costa was at the helm. After finishing fifth, and with the City Football Group ownership coming into full effect, Jorge Costa's reign at the club ended. [REDACTED] After several months of anticipation, the City Football Group's acquisition of the club was fully effective. Under the new ownership, the club decided to kickstart a new era and signed the former FC Goa coach Sergio Lobera as manager. The club signed Hugo Boumous from FC Goa after paying
7128-491: The usual taxes on dividends, as they are legitimate and ordinary dividends to these shareholders. Sometimes, a company intended to be a pure holding company identifies itself as such by adding "Holding" or "Holdings" to its name. The parent company–subsidiary company relationship is defined by Part 1.2, Division 6, Section 46 of the Corporations Act 2001 (Cth) , which states: A body corporate (in this section called
7216-459: Was also awarded the best goalkeeper in 2016, keeping record clean sheets for the club. They also retained the services of midfielder Sehnaj Singh who was instrumental in the club's success in the previous season. In the foreign department, they retained the defensive duo of Lucian Goian and Gerson Vieira alongside midfielder Leo Costa. They also retained Rakesh Oram, a player under the U-21 player quota. But
7304-520: Was announced on 17 February 2021 that French fourth tier side Vannes had become the latest partner club for the group. The two clubs were already linked after Vannes' President Maxime Ray had joined CFG to become a minority shareholder in Troyes as part of the 2020 purchase, though he agreed to have no operational role at Troyes as part of the takeover. It was announced on 1 February 2023 that Singapore Premier League club Geylang International had become
7392-600: Was announced that the All India Football Federation , the National Federation for Football in India, and IMG-Reliance would be accepting bids for ownership of eight of nine selected cities for the upcoming ISL, an eight-team franchise league modeled along the lines of the Indian Premier League , the country's professional cricket league. On 15 September 2014, the club signed Nicolas Anelka ,
7480-540: Was appointed captain at the beginning of the season. The club then roped in India 's captain Sunil Chhetri for a domestic record-breaking deal of ₹1.2 crore, and signed 2015 I-League's player of the year awardee Sony Norde of Haiti. Sunil Chhetri was the top scorer for the team as he scored seven goals including a hat-trick against NorthEast United FC . Mumbai only won four matches and lost six to finish in sixth position in
7568-519: Was followed towards the end of the year by a second venture in Asia, when the group bought a controlling stake in Indian Super League franchise Mumbai City . 2020 similarly would see two club purchases in European football, first of Lommel of Belgium and then of Troyes of France, with both moves notably seeing the purchased clubs rescued from financial difficulties and linked to the economic damages wrought by
7656-465: Was later sold to Cumulus Media ). In determining caps to prevent excessive concentration of media ownership , all of these are attributed to the parent company, as are leased stations , as a matter of broadcast regulation . In the United States, a personal holding company is defined in section 542 of the Internal Revenue Code . A corporation is a personal holding company if both of
7744-534: Was the quickest-ever qualification (15 Games). Before that, they were also unbeaten for 12 games. Their first semifinal leg against FC Goa at Fatorda ended in a 2–2 draw. The second leg ended in a goalless draw, which means the match went into a penalty shootout. In the shootout, they beat FC Goa 6–5, where Rowllin Borges scored the decisive penalty. In their final against ATK Mohun Bagan at the Fatorda Stadium, they won
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