City Football Group Exits Mumbai City FC Amid ISL Uncertainty

City Football Group (CFG), owners of Manchester City, is exiting its 65% stake in Indian Super League (ISL) club Mumbai City FC. The club has informed the AIFF of a shareholding restructure, with ownership reverting to Ranbir Kapoor and Bimal Parekh. This move occurs amidst significant uncertainty surrounding the ISL's future.

• City Football Group (CFG) selling 65% stake in Mumbai City FC.
• Ownership to revert to Ranbir Kapoor and Bimal Parekh.
• Mumbai City FC informed AIFF of shareholding restructure.
• Exit comes amid uncertainty over Indian Super League's future.
• CFG acquired majority stake in Mumbai City FC in 2019.
• Mumbai City FC is one of the most successful ISL teams.

Read the full story on Quick Digest.