Metropolis Group presents $190 million for Brazilian soccer membership Bahia

SAO PAULO : Metropolis Soccer Group (CFG), the proprietor of Manchester Metropolis English Premier League soccer group, made a suggestion of 1 billion reais ($190 million) for 90 per cent of Brazilian membership Esporte Clube Bahia, CFG stated on Friday.

The acquisition is a part of a funding bonanza in Brazilian soccer, following the approval of a regulation that allowed golf equipment to hunt exterior funding.

Different skilled golf equipment within the soccer-loving nation have been purchased in latest months, comparable to Belo Horizonte’s Cruzeiro, the place former Actual Madrid and Brazil striker Ronaldo purchased a controlling stake, and Rio de Janeiro-based group Botafogo.

The bid for Esporte Clube Bahia, which performs out of Salvador metropolis, nonetheless wants approval from the membership’s members. The supply is effectively above the 650 million reais cited by membership president Guilherme Bellintani to native media earlier this yr when talks with CFG had been first introduced.

CFG is majority-owned by Abu Dhabi’s Sheikh Mansour bin Zayed Al Nahyan. Its bid for Bahia contains an possibility to purchase an extra 5 per cent of the membership.

If the supply is accepted, Esporte Clube Bahia, which performs in Brazil’s second-division professional league, would change into the thirteenth membership bought by CFG.

($1 = 5.2599 reais)