Manchester City and their parent company City Football Group have made it official. In a press release this morning they confirmed the purchase of Lommel SK of Belgium’s Second Division. The tweet is below.
In the release Ferran Soriano, Chief Executive of City Football Group, said:
“We are excited to welcome Lommel SK to City Football Group and to work together with the fans and the city to develop the Club. Belgium is one of Europe’s best football countries as demonstrated by the success of the national team and the development of world-class players, some of whom we know very well, like Kevin De Bruyne and Vincent Kompany.
“This investment is part of our long-term strategy to be present in key football countries, play beautiful football and develop talent. We were attracted to Lommel’s culture, training facilities and commitment to youth development and we look forward to learning from their approach and helping the Club to evolve in the months and years ahead.”
We have reported on this potential deal before.
CFG have been also trying to acquire AS Nancy after a loose relationship with Toulouse. Acquiring Lommel and Nancy would put CFG at 10 clubs.
- Melbourne City
- Montevideo City
- New York City
- Mumbai City
- Sichuan Jiuniu
- Yokohama F. Marinos
As for Vincent Kompany’s team of Anderlecht, it is reported CFG preferred a team low on debt like Lommel since Kompany’s side has nearly 94 million euros in debt.
Now that the deal is official it makes for another breeding ground for City to pick from for the “first” team in Manchester.
All in all, a good deal for CFG.
Thoughts on the acquisition?