Sports Writing, 23 Mar City Football Group, owner of Manchester City, finalizes the purchase of NAC Breda, following approval of the sale by its shareholders, as reported by the Dutch entity in an official statement, in which it specified that the agreement is still subject to the approval of the Council of Supervision, the NOAD Foundation, the Dutch Football Federation (KNVB) and the city of Breda. After the Supervisory Board “rejected the sale to Karel Vrolijk”, on February 19, the club explored other “options”, including “at the request of the shareholders”, the City Football Group, whose report was submitted and accepted by the aforementioned shareholders, so that the sales process “enters the final phase” and should remain formalized in the short term, according to the same source, pending the resolution of the latest requirements. These include the indispensable approval of the agreement by the Supervisory Board, the NOAD Foundation (with four members on the board; a representative of the fans, one from the club museum, one of the entity's lower categories and one former player), the Dutch Football Federation (KNVB) and the city of Breda. “Shareholders have always been looking for a buyer to whom the NAC can be transferred in order to leave it in good hands and with confidence. In addition to their own criteria, such as price and purchase conditions, this has always been a condition for them,” said the club. The City Football Group “has majority-owned and operated clubs” on three continents (Manchester City in the English Premier League, New York City in the North American MLS and Melbourne City in the Australian A-League), as well as investments in Yokohama F. Marinos in Japan, Montevideo City Torque in Uruguay, Girona in Spain, Sichuan Jiuniu in China, Mumbai City in India, Lommel SK in Belgium and Espérance Sportive Troyes Aube Champagne (ESTAC) in France, the company reported. “City Football Group is owned by Abu Dhabi United Group (ADUG) (77%), China Media Capital (CMC) Consortium (13%) and Silver Lake (10%). Until December 2015, City Football Group was wholly owned by ADUG, a private investment and development company owned by His Highness Sheikh Mansour bin Zayed Al Nahyan,” he adds on its official website. CHIEF id/ism
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