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Khaitan, AZB act on City Football Group 8th buy of Super League club, acquires Mumbai City FC

City Football Group Limited acquired Mumbai City FC in a deal including diligence, pre-acquisition restructuring, drafting and negotiating the transaction documentation and advising on the Indian football regulatory framework, according to ET’s Brand Equity.

City Football Group (CFG) has agreed a deal to acquire a majority stake in its eighth club, Mumbai City FC in the Indian Super League, marking a major move into Indian football. CFG will become the 65% majority shareholder of the Club, alongside existing shareholders, acclaimed actor and film producer, Ranbir Kapoor and Bimal Parekh who combined will hold the remaining 35% of shares. Completion of the investment remains subject to the approval of certain football bodies.

The Economic Times

Khaitan & Co advised City Football Group Limited led by a team of partner Nikhil Narayanan, partner Tanvi Kumar, senior associate Siddharth Marwah, senior associate Govinda Toshniwal and associate Pranay Kapoor with assistance from principal associate Rohit Ambast.

Update 13 December 2019: AZB & Partners advised Mumbai City FC and its shareholders led by a team including senior partner Ashwath Rau, partner Kashish Bhatia, senior associate John Adwet Raghav, associate Kanika Mishra and associate Abhipsita Kundu.


This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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