That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about City Football Group’s purchase of second-tier Brazilian side Bahia.
As relayed by Sports Pro on Tuesday (27 September), the multi-club umbrella organisation that owns Man City has agreed a £175million deal to buy Bahia.
They will become the 12th club in City Football Group’s football portfolio.
Liverpool owners Fenway Sports Group also own MLB outfit the Boston Red Sox and NHL side the Pittsburgh Penguins.
They too have been linked with a new football acquisition in Brazil, where new regulations have made it easier for private investment to be actioned.
Liverpool and City have won each of the last five Premier League titles.
Maguire claims that, while a proxy war in Brazil would not intensify the rivalry between the two, whichever club comes out on top would receive a reputational boost
“I’m not convinced that FSG buying a club in Brazil would extend the very competitive rivalry between City and Liverpool,” he told Football Insider’s Adam Williams
“Brazil is a big country and players tend to come and go quite quickly in terms of moving to Europe.
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