City Football Group

Who owns City Football Group?
City Football Group is majority owned by Newton Investment and Development LLC, fully owned by Sheikh Mansour bin Zayed Al Nahyan, a member of the Abu Dhabi royal family and Deputy Prime Minister of the UAE. Silver Lake Partners, a US-based technology investment firm, holds a minority stake of nearly 17%. Khaldoon Al Mubarak serves as Founding Chairman.

Is City Football Group publicly traded?
No. City Football Group is a privately held company and is not listed on any stock exchange. Financial results are filed annually with UK Companies House.

How many clubs does City Football Group own?
CFG owns 11 football clubs across five continents: Manchester City FC, New York City FC, Melbourne City FC, Girona FC (held in independent blind trust), Mumbai City FC, Montevideo City Torque, Lommel SK, ESTAC Troyes, Palermo FC, Esporte Clube Bahia, and Shenzhen Peng City. CFG also holds a minority stake in Yokohama F. Marinos in Japan.

What is City Football Group's revenue?
For the 2024-25 financial year (ended June 30, 2025), CFG reported total revenue of £888 million, down from £933 million in 2023-24. The decline was primarily due to the deconsolidation of Girona FC. Including Girona, revenue would have been £977.1 million. Manchester City contributed £694.1 million of the total. CFG reported a pre-tax loss of £292.3 million.

What charges does Manchester City face?
Manchester City faces 115 charges from the Premier League related to alleged breaches of financial rules covering 2009 to 2018. The charges include alleged failures to provide accurate financial information, alleged breaches of UEFA financial fair play rules, and alleged failures to cooperate with the investigation. Manchester City has denied all charges. A hearing concluded in December 2024, but no verdict has been announced as of mid-2026.

When did Manchester City win the Champions League?
Manchester City won its first UEFA Champions League title in June 2023, defeating Inter Milan 1-0 in Istanbul, completing a historic treble of Premier League, FA Cup, and Champions League in the same season. The club won four consecutive Premier League titles from 2021-22 to 2023-24.

Abu Dhabi United Group acquired Manchester City Football Club in September 2008 for approximately £210 million. At the time, Manchester City was a mid-table Premier League club. Under ADUG's ownership, Manchester City invested heavily in players, coaching staff, and facilities, transforming into one of the world's most successful football clubs.

CFG was formally established in May 2013 as a holding company for the football investments. In 2013, CFG co-founded New York City FC with the New York Yankees, entering Major League Soccer. Melbourne City FC (formerly Melbourne Heart) was acquired in 2014. Yokohama F. Marinos in Japan received investment, with CFG holding a minority stake. Club Atletico Torque (now Montevideo City Torque) in Uruguay was acquired. Girona FC in Spain was acquired in 2017. Mumbai City FC in India was acquired in 2019. Further acquisitions included Lommel SK (Belgium), ESTAC Troyes (France), Palermo FC (Italy), Esporte Clube Bahia (Brazil), and Shenzhen Peng City (China).

In 2019, Silver Lake Partners acquired a minority stake in CFG, valuing the group at approximately $4.8 billion at the time. Silver Lake has progressively increased its stake to nearly 17%.

Manchester City won its first UEFA Champions League title in June 2023, defeating Inter Milan 1-0 in the final in Istanbul, completing a historic treble (Premier League, FA Cup, Champions League). Manchester City won the Premier League title again in the 2023-24 season, its fourth consecutive title and sixth in seven years.

In the 2024-25 season, Manchester City had its first trophyless season in eight years, finishing third in the Premier League, losing the FA Cup final to Crystal Palace, and exiting the Champions League knockout phase play-offs following defeat to Real Madrid. The club participated in the first 32-team FIFA Club World Cup in June and July 2025.

Starting from July 1, 2024, CFG's shareholding in Girona FC was put into an independent blind trust to ensure compliance with UEFA rules and regulations, allowing both Manchester City and Girona to participate in European competitions. This resulted in Girona's deconsolidation from CFG's financial accounts for 2024-25.

City Football Group invests in community programs through its clubs, focusing on youth development, education, health and wellness initiatives, and social inclusion projects. CFG's community investment programs include football education in schools, coaching development programs, and facilities that serve local communities.

Manchester City's Etihad Stadium has implemented energy-efficient management, waste reduction programs, and sustainable transportation initiatives. CFG participates in industry sustainability initiatives and collaborates with football governing bodies on environmental and social responsibility.

CFG is not a Certified B Corporation. Its sustainability reporting is published through individual club reports and group-level communications.

City Football Group and its clubs have received recognition for football excellence and community impact:

• UEFA Champions League Winners: Manchester City won the Champions League in 2023, completing a historic treble
• Premier League Champions: Four consecutive titles (2021-22 through 2023-24) for Manchester City, six titles in seven years
• Community Investment Awards: Recognition for youth development and community programs across CFG clubs
• Stadium Sustainability Awards: Recognition for environmental initiatives at Etihad Stadium

These recognitions are based on competitive results and independent assessments, not self-awarded claims.

Manchester City faces 115 charges from the Premier League related to alleged breaches of financial rules covering the period 2009 to 2018. The charges include alleged failures to provide accurate financial information, alleged failures to provide details of player and manager payments, alleged breaches of UEFA financial fair play rules, and alleged failures to cooperate with the Premier League's investigation between December 2018 and February 2023. Manchester City has denied all charges.

A hearing before an independent three-person commission took place between September 16 and December 2024 at the International Dispute Resolution Centre in London. As of mid-2026, no verdict has been announced. The panel has not yet made a decision, as confirmed by Manchester City's annual accounts published in December 2025. Pep Guardiola stated in February 2025 that he expected the verdict "in one month," but this prediction proved incorrect. Potential sanctions if found guilty range from fines and points deductions to being stripped of titles or expulsion from the Premier League. Either party is expected to appeal any unfavorable outcome, potentially extending the process further.

CFG's cumulative losses have surpassed £1 billion since formation in 2013, raising questions about the financial sustainability of the multi-club model. The group received £280 million in capital injections from Abu Dhabi ownership during 2024-25 alone. CFG's total costs exceeded £1.26 billion against revenue of £888 million in 2024-25.

UEFA's multi-club ownership rules continue to create complications. The placement of Girona into a blind trust was necessary to allow both Manchester City and Girona to compete in the 2024-25 Champions League, but this structure may face scrutiny if UEFA determines the separation is insufficient.