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Manchester City Lands Deal With World’s Richest Team Owner

  • Mukesh Ambani has a net worth of $88.7 billion, per Forbes
  • Manchester City is the sixth-most-valuable soccer team in the world at $4.25 billion.
MCFC

Manchester City is joining forces with the world’s richest sports team owner. 

The Premier League club has secured a deal with Jio Platforms — a tech conglomerate owned by Mukesh Ambani, owner of the Indian Premier League’s Mumbai Indians. 

As part of the pact, Manchester City’s streaming subscription service CITY+ will be included in the JioTV Platform. It will provide fans with access to live women’s matches, highlights, and other exclusive content. 

  • Ambani has a net worth of $88.7 billion, per Forbes, ahead of Los Angeles Clippers owner Steve Ballmer ($74.3 billion).
  • Manchester City is the sixth-most-valuable soccer team in the world at $4.25 billion.
  • The club is owned by City Football Group, which also owns New York City FC.

The energy and tech entrepreneur has also expressed interest in a takeover deal for Liverpool. 

Potential Upgrades

Manchester City plans to conduct studies to determine the viability of a new development project centering on Etihad Stadium, the club’s home field since 2003.

Premier League champion banner outside of Manchester City's Etihad Stadium

Manchester City Mulls Major Stadium Expansion

Manchester City is considering expanding the capacity of its home field.
December 12, 2022

The stadium has a capacity of 53,400, and potential development plans would increase it to more than 60,000. A development project would also include a hotel, a new club shop, and a museum. CFG has spent more than $834 million on infrastructure projects in Manchester. 

City will hold formal consultations about the project in the coming months.

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