City Football Group has made further developments today by announcing the investment in South American football. The group has completed two notable deals in the continent and here’s all you need to know.
The announcement means the CFG will now invest in Uruguayan second tier side, Atletico Torque which will further enhance City’s scouting network in the Latin region.
The intention for the investment was not just for the scouting of players, but also to add to the infrastructure the club currently possesses.
Not only has the investment in Uruguay been confirmed, but the City Football Group has also entered into a collaboration agreement with Atletico Venezuela – of the Venezuelan Primera Liga.
Ferran Soriano has announced his delight regarding the deal, “We are pleased to take this next step in our football development operations.
“The investment in CA Torque enables our organisation to build on existing connectivity in Uruguay and helps to expand the options for identifying and developing local and South American talent.
“This move also provides us with an administrative hub for our pre-existing scouting operations in the region and provides a footprint for City Football Group in South America.
“I am also delighted to start a working partnership with Atletico Venezuela to the benefit of both clubs. The collaboration agreement allows us to share knowledge, insights and hard data, all of which enables us to further complement and increase our scouting and recruitment operations on the continent.”
City will send experienced scouts and coaches to both clubs and aim to strengthen the group’s success in recent years.
Atletico Torque will become the fifth club the CFG have invested in – or own – with New York City FC, Melbourne City, and a 20% share in Yokohoma F. Marinos all members alongside our very own, Manchester City.