This archive report was first published on 11 May 2020.
On May 11, 2020, City Football Group (CFG), the parent company of Manchester City, made a significant move in the world of football by acquiring Lommel SK, a Belgian second-tier side.
The acquisition adds Lommel SK to CFG's impressive portfolio of football clubs, which now spans three European countries and four other continents.
As part of the deal, CFG will reportedly wipe out Lommel's debts of £1.75 million (Sh223 million), providing a fresh start for the club.
CFG's chief executive, Ferran Soriano, expressed his excitement about the acquisition, stating, '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.'
With this move, CFG continues to expand its global presence in the football world, following in the footsteps of its successful clubs, including Manchester City, New York City FC, Melbourne City, and others.
Manchester City's owner, Sheikh Mansour, has been instrumental in building CFG's football empire, and this acquisition is a testament to his vision and commitment to the sport.
