In order to make the existing global portfolio vaster, Manchester City is aiming to close a deal to acquire a club in China. The chiefs of the City have complete ownership of Club Atletico Torque and Melbourne City and also have partial ownership with New York City FC and Yokohama F Marinos in Japan. Well, the City was heavily criticized earlier as they moved their players between clubs which were under City Football Group.
The club is now keen to buy second division side of China Chengdu Better City. Andy Burnham, Greater Manchester’s Mayor did travel with club executives to inaugurate the 2nd office in China in Shenzhen 2 months back. However, they did claim that City was more into the expansion of developments of football grassroots all over the world.
As far as the lower leagues of the Chinese season is concerned, it would come to an end within a few weeks and therefore the City Football Group’s announcement on the new club will be on hold until the end of the year. Post reservations about the rapid development of the Chinese Super League, City had moved away from the market. This is a clear indication that if they were to include the existing portfolio, then the City would try to take over a less famous 2nd division club. The Chengdu Better City was established in the year 2014 and remodeling was done recently. However, the name was changed to Chengdu Qbao in March. The club’s current manager is the former head coach of Levante Jose Carlos Granero.