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The parent company behind Manchester City is reportedly considering a possible termination of Uruguayan club Montevideo City Torque’s contract.
The announcement of a potential takeover by City Football Group was first announced in March 2017, alongside ambitious plans by the global football industry to not only build a new sports complex for the club, but also to renovate its stadium.
Official announcements of a deal would stand in April 2017, along with an influx of higher-quality players and a replacement call three years after the deal began, with Club Atlético Torque Montevideo City Torque.
A new club crest, striking similarities to other City Football Group clubs and the finishing touch of a new academy and administrative complex would all be retained later, however, new reports have detailed that the club’s fairytale rise could come to an end. The end.
According to Torque Info’s latest report on X, “information is spreading” that City Football Group is in a position to “break the contract” with Montevideo City Torque and have their eyes set on Central Español of the same city.
Although the report states that “for now this is information”, they go on to state that a separation of Montevideo City and City Football Group would be due to 3 key factors: more money has been asked for and rejected, lack of success and training of players.
In addition to the extensive portfolio of owned clubs from all continents, City Football Group has also expanded into wider activities in the sport, being the full owner of Goals Soccer Centers in February 2020.
Manchester City chairman Khaldoon Al Mubarak recently spoke about the good fortune of the City Football Group as a global sporting model and called the allocation with its current prestige a “financial and economic machine”.
“I’m very happy with the effects. These effects are very sustainable because we now have a very transparent foundation that has been built over many years,” Al Mubarak explained in his recent end-of-season interview with Manchester City’s official website.
“We have a monetary and economic machine. As long as we continue to manage well and be prudent, you know that the expansion in terms of revenue, in terms of profitability, I think we are on a trajectory that has been there for years and continues to strengthen.
He continued: “From day one, Sheikh Mansour, as the largest shareholder in the organisation, has focused on expansion and price appreciation. And in doing so, any and all euros of profit remained within the organization for its expansion and development.
“The result is that we are still making an investment. We are still making an investment in infrastructure, in the progress of those clubs. We buy new equipment. We continue to grow and grow.