City Football Group (CFG) has sold its shares in Mumbai City FC, giving back full control to the club’s original owners. This move comes amidst uncertainty surrounding the Indian Super League’s future. CFG cited a commercial review and the ISL’s uncertain future as reasons for the divestment.
In 2019, CFG acquired a 65% stake in Mumbai City FC, leading to significant success for the club. Under CFG’s ownership, the club achieved milestones like winning two ISL League Winners’ Shields and two ISL Cup titles. Their data-driven recruitment model and strategic management significantly impacted the club’s performance.
Mumbai City FC made history in the 2020-21 season by clinching both the ISL League Winners’ Shield and the ISL Cup. They continued their success by securing a second Shield in the 2022-23 season, remaining unbeaten throughout the league. Additionally, the club became the first Indian team to win an AFC Champions League match, showcasing their growth on the continental stage.
With CFG’s exit, Mumbai City FC now reverts to full ownership by Ranbir Kapoor and Bimal Parekh. However, this development raises concerns for Indian football, particularly regarding the ISL’s operations and financial stability. The AIFF’s rejection of proposed ownership models has further strained relationships between clubs and the federation.
