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City Football Group, UBTECH and China Sports Capital acquire Sichuan Jiuniu FC in China League Two

20th February 2019

Categories: Latest News

  • Chengdu-based Sichuan Jiuniu FC becomes seventh Club to join City Football Group
  • Ownership partners reaffirm commitment to the long-term growth of football in China

(Chengdu, China) - City Football Group, UBTECH and China Sports Capital have today announced the joint purchase of Chinese Club Sichuan Jiuniu FC, in the China League Two, in Chengdu, attended by Government Officials, the Club’s fans and senior executives of the new ownership group.

Based in Chengdu in Sichuan Province, Sichuan Jiuniu plays its home games at the 27,000 capacity Chengdu Longquanyi Football Stadium and kicks off the new season next month.

The move marks a natural development of the three new owners’ commitment to participating in the long-term development of football in China.

In September last year, Manchester City became the first global football organisation to open a second hub in China, as it launched a new office in Shenzhen.

City Football Group’s presence in China also includes an office in Shanghai, several commercial partnerships, community projects and a strong record of football education, with City coaches operating in schools in cities around China as part of a Chinese Ministry of Education programme.

Ferran Soriano, Chief Executive Officer of City Football Group said: “Today marks an exciting new chapter in the growth of City Football Group. China is an extremely important football market, which we have been focused on for some time. We are delighted to welcome Sichuan Jiuniu FC to our Group, alongside our partners, China Sports Capital and UBTECH. We see this as a natural extension of our existing activities. From our work together at Manchester City and across CFG, our relationships with CMC Inc., China Sports Capital and UBTECH make us very confident that we have established a strong ownership group which is well placed to oversee this Club.

“We believe strongly in the future of football in China. We are making a long-term, sustainable commitment to grow and develop Sichuan Jiuniu FC and to nurture Chinese footballing talent. These objectives are equally important. Our immediate focus will be strengthening our football performance, using all of our experience and know-how, forging a strong relationship with our fans and building a strong presence in the community. We cannot wait to get started.”

Rhys Whalley, Executive Director, Manchester China Forum said: “Today’s announcement marks another significant milestone in the advancement of Manchester-China relations. Since the 2015 State Visit, there has been widespread recognition of the huge potential for enhancing collaboration between Manchester – a global footballing capital – and China – the most exciting prospect for the future growth of the sport.

As a founding member of the Manchester China Forum, we are delighted to see City Football Group take another major step in advancing its commitment to supporting the long-term growth and development of football in China. The Manchester China Forum looks forward to working with the partners involved in the Sichuan Jiuniu FC acquisition to further strengthening ties between our respective regions”

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