Mumbai, January, 02, 2026 — City Football Group (CFG), the parent company of Manchester City, has sold its majority stake in Indian Super League (ISL) club Mumbai City FC, with the club’s founding partners Ranbir Kapoor and Bimal Parekh taking full control.

CFG had bought 65{3ed7819c3563dca85364f9c966d48c284cd3d43c23a196a6bbb99b5b9eebb247} of Mumbai City in 2019. Since then, the club won two ISL league shields and two ISL Cup titles, becoming one of the competition’s most successful teams in recent seasons.

Mumbai City said CFG’s exit comes as the ISL remains on pause because the league’s core rights deal has not been renewed. The 2025–26 season was put “on hold” in July after Football Sports Development Limited (FSDL), the league operator and the All India Football Federation’s (AIFF) long-time marketing partner, said it could not proceed without clarity on its rights under a new agreement.

The existing AIFF–FSDL agreement, signed in 2010 and reported as worth ₹700 crore over 15 years, expired on Dec. 8, 2025. A tender process for the ISL’s commercial rights was later launched under the supervision of a committee appointed by India’s Supreme Court, but the AIFF said it did not receive a single bid and the bid evaluation process was to be reported back to the court.

In a statement released on Dec. 26, CFG said it was leaving after a business review and pointed to the lack of clarity around the league’s next steps. The group said it remains proud of its time at the club and thanked players, staff and supporters.

Kapoor and Parekh, who had kept 35{3ed7819c3563dca85364f9c966d48c284cd3d43c23a196a6bbb99b5b9eebb247} of the club when CFG invested in 2019, will now run Mumbai City without an outside shareholder. The club has not announced immediate changes to its football staff or squad plans.

CFG owns or has stakes in several clubs across different leagues, including Girona in Spain, New York City FC in the United States and Melbourne City in Australia.