City Football Group Exits Mumbai City FC Amid ISL Uncertainty
City Football Group (CFG) has decided to divest its shareholding in Mumbai City FC, one of the most successful teams in the Indian Super League (ISL). This decision comes after a thorough commercial review and in light of the ongoing uncertainty surrounding the future of the ISL.
With this move, the team’s entire ownership will now rest with founding owners Ranbir Kapoor and Bimal Parekh. CFG acquired a 65% stake in Mumbai City FC in 2019, aiming to leverage its global expertise to elevate the club’s performance and brand. Under CFG’s stewardship, Mumbai City FC has achieved significant success, winning four major titles, including two League Winners’ Shields and two ISL Cups.
The Indian Super League has faced several challenges in recent years, including financial sustainability and competitive balance. These issues have led to a re-evaluation of the league’s structure and future direction. CFG’s decision to divest its stake reflects the group’s strategic focus on markets and opportunities where it can maximize its impact and achieve long-term sustainability.
Ranbir Kapoor and Bimal Parekh, the founding owners of Mumbai City FC, expressed their gratitude to CFG for the support and expertise provided over the past few years. They are committed to continuing the club’s success and ensuring its long-term growth and stability.
The divestment is expected to have a significant impact on the club’s operations and strategic direction. Mumbai City FC will now have the autonomy to make decisions that align with its vision and goals, without the influence of external stakeholders. This could lead to changes in management, player acquisitions, and overall club strategy.
Despite the divestment, Mumbai City FC remains one of the premier clubs in the ISL, with a strong fan base and a track record of success. The club’s future will depend on its ability to navigate the challenges of the league and continue to attract top talent and investment.
The Indian Super League itself is at a crossroads, with stakeholders and fans eagerly awaiting clarity on its future direction. The league’s governing body, the All India Football Federation (AIFF), is working to address the concerns and implement reforms to ensure the league’s long-term sustainability and growth.
As Mumbai City FC moves forward under new ownership, the club will be closely watched by fans, players, and industry experts alike. The coming seasons will be crucial in determining the club’s trajectory and its role in the evolving landscape of Indian football.