• Loading stock data...
Tuesday, June 25, 2024
Meet the Rising 25 Class of 2024!

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.

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.

Copy Link
Link Copied
Link Copied

What to Read

Scheffler’s Season Earnings Could Surpass Top NFL, NBA, MLB Stars

The golfer has already won more than $27 million this season.

Stanley Cup Final: An Unlikely Game 7 Is Set to Cap the NHL’s Best Season

The Oilers are attempting to complete a comeback done just once in a Stanley Cup Final.
podcast thumbnail mobile
Front Office Sports Today

How the American Soccer Fan is Unlike Any Other Sports Fans


Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

The ‘Big’ in Big 12 Could Soon Be Replaced With a Sponsor’s Name

Allstate is said to be in discussions about a deal with the Big 12.
June 12, 2024

Saudi Arabia’s Next Big Sports Target: Boxing, With Joint Venture Worth $5B

The Public Investment Fund of Saudi Arabia is focusing on boxing as its next large-scale sports target.
June 13, 2024

Everything You Need to Know About the Schism Rocking Competitive Eating

The business story about hot dogs that you never knew you needed.

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 11, 2024

Breakthrough? Tiger Says PGA Tour and LIV Golf Are Eyeing ‘End Game’

Woods called a recent meeting ‘productive.’
June 10, 2024

Salt Lake City’s $4B Olympics Price Tag Could Be a Bargain: Here’s Why

Utah is the preferred bidder for the 2034 Games.
June 7, 2024

New Era’s Acquisition of ’47 Set to Reshape Sports Apparel Market

New Era is set to acquire ’47 in a deal creating a combined operation with $2 billion in annual revenue.
June 5, 2024

One Year After ‘Merger,’ the PGA Tour and LIV Golf Still Remain Far Apart

Leaders of the tours struck an agreement exactly one year ago.