1 year ago
Ranbir Kapoor's Mumbai City FC Journey: From Passion to Ownership
Ranbir Kapoor, a big football fan, turned his love for the game into a business by co-owning Mumbai City FC.
His accountant, Bimal Parekh, found the opportunity.
Initially, Rishi Kapoor was concerned about who would manage the team but eventually approved.
In 2019, a major company, City Football Group, bought a large part of the team.
However, Ranbir Kapoor and Bimal Parekh still own a piece of the club, and they are working to promote football in India.
Ranbir Kapoor co-owns Mumbai City FC, fueled by his passion for football.
Chartered accountant Bimal Parekh spotted the investment opportunity via a newspaper ad.
Rishi Kapoor initially questioned the management but approved of the investment.
City Football Group acquired a majority stake in Mumbai City FC in 2019.
Ranbir Kapoor and Bimal Parekh retained ownership after the stake sale.
- Who
- Ranbir Kapoor and Bimal Parekh, along with Rishi Kapoor and City Football Group
- What
- Ranbir Kapoor's investment in Mumbai City FC
- Where
- Mumbai, India
- When
- 2014 (initial investment) and 2019 (major stake sale)
- Why
- To promote football in India and fulfill Kapoor's passion for the sport
Key facts
- Team
- Mumbai City FC
- Co-owners
- Ranbir Kapoor, Bimal Parekh
- Initial Investment Year
- 2014
- City Football Group Stake
- 65%
- Kapoor's current Ownership
- 18%
- Parekh's current Ownership
- 17%
