The City Football Group look to Belgium to acquire their latest club. The group announced the purchase of the Belgian Football Club, Lommel SK.
Abu Dhabi United Group and China Media Capital own the City Football Group (CFG). The group currently owns an assortment of clubs around the world. Namely, Premier League holders, Manchester City.
In contrast, Lommel SK is currently in the Belgian First Division B and finished 6th in their division.
Lommel SK did not win a game in their last 6 outings and finished just 7 points off the bottom of the table. Nevertheless, much like with Manchester City, hopefully, the new owners will inject a monetary lifeline into the Belgian club.
“This investment is part of our long-term strategy to be present in key football countries, play beautiful football, and develop talent. We were attracted to Lommel’s culture, training facilities and commitment to youth development and we look forward to learning from their approach and helping the Club to evolve in the months and years ahead.” Ferran Soriano, Chief Executive of City Football Group stated.
CFG has a history of purchasing clubs that have strong academies and ties to their community. In particular, a club that is not only about football. But a club equally concerned with improving the lives of its community. The club should have a resounding impact on their communities at large.
The statement from Paul Kerkhofs, President of the Lommel Not for Profit Foundation, emphasised this,
“We are delighted that City Football Group has chosen to acquire Lommel and ensure the future of our Club. We are extremely impressed with their philosophy, track record, and approach and look forward to working together to take the Club forward.”