City To Add To Global Portfolio
Manchester City look set to buy a club in Uruguay as they seek to expand their global portfolio of clubs.
City Football Group, the umbrella company for Manchester City, MLS side New York City, A-League club Melbourne City and J-League outfit Yokohama Marinos, are looking to buy a club in South America and reports suggest they are set to open negotiations for an un-named club in Uruguay.
The reason for South America is that City have faced problems in the past over the purchase of players for the reason. Much South American talent is co-owned by their clubs along with third parties. Agents are often involved. City’s efforts to sign Brazilian forward Gabriel Jesus was held up for some weeks by haggling with third parties. Fifa has now outlawed the practice, but players with third-party ownership already in place aren’t affected. It is likely to take some years for existing contracts to either be satisfied or the players concerned sold on.
It isn’t known which club City have set their eyes on. Uruguayan football is dominated by two clubs based in the nation’s capital of Montevideo: Penarol and Nacional. Between them, the two giants of Uruguayan football have won 94 of the 114 national championships that have been contested to date. Only Danubio in 2013-14 have succeeded in wresting the title from the duo in recent years.
Both Penarol and Nacional – like just about all Uruguayan clubs – are loaded with debt, but they dominate the game in Uruguay and live TV games generally feature one or the other. But if City Football Group care to cast their net outside the big two they may settle on Danubio. The club started the careers of Paris Saint-Germain striker Edinson Cavani, Atletico Madrid defender Jose Gimenez and the Middlesbrough striker Cristhian Stuani.
One the Uruguayan deal is sorted, City Football Group are expected to switch their attentions to the purchase of a club in the Chinese Super League.