City Football Group (CFG), the London-based holding company for several football clubs, has acquired a majority stake in Mumbai City FC (MCFC), which is part of the Indian Super League. It will become a 65% stakeholder in MCFC, with existing shareholders – actor Ranbir Kapoor and chartered accountant Bimal Parekh – holding the remaining 35%. The acquisition will help MCFC benefit with commercial and football expertise, while at the same time providing the group with a new element to its global platform. As part of the deal, the group has appointed its senior vice-president of partnerships, Damian Willoughby, as the chief executive officer of City Football Group India.