Report: City Football Group make $190 million bid for Esporte Clube Bahia
If approved the Brazilian side will be the 13th team in CFG’s portfolio City Football Group have made an offer of $190 million (R$1 billion) for Esporte Clube Bahia in Brazil, according to Salvador newspaper Jornal A Tarde. According to a statement issued by Bahia, the board announced a proposal for CFG to acquire 90% of the Sociedade Anônima do Futebol, the group that controls the club and their assets. Journal A Trade reports that the $190 million includes investment in players for the men’s and women’s teams, improvements to facilities and infrastructure, and the assumption of $57 million in…
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