CFG CCO Tom GlickGETTY IMAGES
City Football Group CCO Tom Glick said that the holding company is "looking to add to its stable" of football clubs, which includes Man City, and is "especially keen on acquisitions in China," according to Simon Jennings of REUTERS. Man City is one of "several clubs" owned by the group, in which Abu Dhabi United Group owns an 87% stake and the China Media Capital consortium holds the remaining 13%. Glick said, "I think it's very likely we'll do some more (acquisitions) and we're looking at a number of places across the globe. There are a number of very interesting markets and healthy leagues with great upsides so we're looking at a number of places, including places in Asia." While "praising the game's potential for growth" in Japan, South Korea and India, Glick said that the health of football in China, along with the government's backing of the game, made it an "especially attractive destination for investors." China has "invested heavily in the sport in recent years." Glick said, "There's a huge push and an ambition from the government" (REUTERS, 3/22).
