UBTECH, China Sports Capital and City Football Group announced at a press conference in Taikoo Li Chengdu, Sichuan Province on February 20 that they had jointly acquired the Chinese Football Association Division Two League football club, Sichuan Jiuniu FC.
UBTECH is a global AI and humanoid robotic company headquartered in Shenzhen, China, who have sponsored Manchester City Football Club since 2016.
City Football Group is the controlling corporation of several football clubs around the world, including the English Premier League’s Manchester City FC, Major League Soccer’s New York City FC, Australia’s Melbourne City FC, Japanese J1 League’s Yokohama F. Marinos and others with Sichuan Jiuniu FC becoming the seventh football club they have purchased.
China Sports Capital was established by CMC Inc. and Sequoia China in 2017. CMC Holdings and CITIC Capital also have a joint 13% stake in City Football Group.
Sichuan Jiuniu FC was formed in January 2017 and is based in Chengdu, the capital city of Sichuan Province. They ranked 24th among 26 teams in the 2018 Chinese Football Association Division Two League, the third-tier and lowest professional football league in China.
It is reported that UBTECH, the Chinese tech company, now hold the largest shares in Sichuan Jiuniu FC.
Proofread by Raymond Fitzpatrick