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Man City’s parent company invests in Troyes – 10th club in City Football Groupcity football group
Manchester City’s parent company, City Football Group, has invested in a second-tier French side to take its total number of clubs around the world to 10. Troyes, who won the Intertoto Cup in 2001, play in Ligue 2 and finished fourth last season before the 2019/20 campaign was suspended.
4th in Ligue 2 last season Troyes’ current squad
CFG will become the new majority shareholder in Troyes, having acquired the shares owned by previous owner Daniel Masoni. French businessman Maxime Ray has also acquired a minority stake in the club and will take a seat on the board.
Toulouse, Amines & Co.Overview of Ligue 2Click here for all infoFerran Soriano, chief executive of CFG, said: “We have had an interest in French football for some time and have long admired ESTAC (Troyes), so we are delighted to have completed the acquisition of our 10th club and have a permanent presence in France. This is a milestone for City Football Group and demonstrates how our model continues to adapt and grow in a relatively short space of time.”
Man City, NY City & Co.: Troyes become 10th club in City Football Group
“At City Football Group, our objective remains to play beautiful football, identify and develop grassroots talent and have a permanent presence in the world’s football centres. There is no doubt that France is one of the top football countries in the world and we are proud to be part of that community,” the CEO continued.
Staff F. Soriano Age: 55 Manchester City
Along with Manchester City and Troyes, CFG also owns New York City, Melbourne City, Yokohama F. Marinos in Japan, Montevideo City Torque in Uruguay, Girona in Spain, Sichuan Jiuniu in China, Mumbai City in India and Lommel SK in Belgium.
City Football Group has today announced that Espérance Sportive Troyes Aube Champagne (ESTAC), in France’s Ligue 2, has become its tenth club, following DNCG review of the acquisition.
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— Manchester City (@ManCity) September 3, 2020
Man City’s parent company invests in Troyes – 10th club in City Football Group