The City Football Group is set to expand with reports emerging this morning that the Manchester City-led entity is close to buying a club in Uruguay.
According to reports from the Daily Mail, ITV and others, a deal is very close that will see City buying an unnamed club, which would join New York City, Melbourne City and Yokohama F. Marinos in the CFG.
South America, along with China and India, had been mentioned as possible next areas for CFG expansions, and the purchase of a club in Uruguay will help their commercial operation in South America, while also giving them a presence on the continent, allowing them to buy players and keep them local to develop.
City have recently signed the likes of Gabriel Jesus, Marlos Moreno and Yangel Herrera directly from the continent, and a club in Uruguay will help their recruitment drive in the area, particularly in buying promising youngsters.
Interestingly, City signed Gerónimo Rulli from Deportivo Maldonado, a club in Uruguay’s second division, before loaning and selling him to Real Sociedad. Maldonado is known to be a club where players are ‘parked’ to circumvent FIFA rules regarding Third Party Ownership.
An announcement is expected soon as the City Football Group continues to expand its reach across the footballing world.
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