Man City ownership set to announce £114m deal in a matter of days – report

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The parent company behind Manchester City are expected to continue their pursuit of growing their global portfolio of clubs this weekend.

After successfully developing the fortunes of clubs across the globe, their next venture will take the organisation back into South America – specifically Brazil.

Their newest acquisition will follow investments in the likes of the United States, India, Australia, and Uruguay to name a few.

Of course, the company’s prized asset will always be Manchester City, and the Premier League champions are the clear focal points of the brand that is rapidly expanding with each passing year.

However, after developing over 10 clubs worldwide, there is a sense now that their focus in regards to developing a second-biggest club within their portfolio may be in Brazil.

According to Football Insider, Man City parent company City Football Group could announce the acquisition of historic Brazilian side Bahia on Saturday (3 December).

That process is expected to reach its conclusion this weekend, with advisors and key stakeholders almost unanimously supporting the multi-club organisation’s proposal.

As per the report, Bahia club members will meet on Saturday to vote on whether to approve the 90 per cent sale of the second-tier side to CFG in a deal expected to be worth around £114million.

Over the past decade, Manchester City have experienced a whole wealth of talent from Brazil, and this may explain the new-found focus in sourcing talent from the South American footballing hub.

In recent years, the likes of Fernandinho, Gabriel Jesus, and Robinho have all shone in the sky blue of the Etihad club.

Within the first-team set-up at present, just Ederson represents Manchester City in the Brazilian national team set-up.

On a youth academy front, a number of Brazilian players are within the set-up, or elsewhere on loan, including the likes of Yan Couto, Diego Rosa, and Kayky.

City Football Group and Manchester City Football Club in particular will be hoping that any large scale investment in Bahia will even further improve their fortunes and grasp on the Brazilian football talent industry.

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