Manchester City owner City Football Group has reportedly made an offer of around $190 million to acquire Brazilian soccer club Esporte Clube Bahia.
- Bahia president Guilherme Bellintani previously told Brazilian media the deal was valued at $126.4 million.
- The Serie B team reportedly has a good chance of being promoted to the top division this season.
The news comes just over a year since a law passed allowing Brazilian soccer clubs to seek outside investments.
In South America, the company also has a stake in Uruguay’s Montevideo City Torque and a deal with Club Bolivar.
Most recently, CFG acquired an 80% stake in Italian Serie B’s Palermo in June.
Silver Lake’s Stake
Earlier this month, it was revealed that Silver Lake increased its stake in City Football Group by 4.1% to 14.54% sometime between early 2020 and January 2022, becoming the company’s second-largest shareholder. Silver Lake purchased its initial 10% stake for $500 million in 2019.