Manchester City are set to announce an Indian team as part of growing stable

The Premier League champions will unveil Mumbai City over the next 48 hours

Indian side will become the eighth club under the City Football Group umbrella

Manchester City have placed no limit on the number of clubs they will acquire and are set to announce an Indian team as part of their growing stable.

The Premier League champions will unveil Mumbai City over the next 48 hours as their next venture in a quest for global domination on and off the pitch.

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That comes after a landmark day when their parent company, City Football Group (CFG), revealed a £389million investment from US private equity firm Silver Lake.

Manchester City are set to announce an Indian team as part of their growing stable

The agreement, for just over 10 per cent of CFG, values the overall company at £3.73billion — a global record for a sports team. Although Silver Lake's equity is relatively small, this deal represents the fourth largest in history.

It gives City scope to broaden their ever-expanding horizons.

Mumbai City will become the eighth club under the CFG umbrella, with sources indicating more will follow. City could look towards the likes of Brazil and Mexico in the future.

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Silver Lake had done their due diligence over two years, carefully planning their investment, and believe the club's value will continue to grow considerably over a 10-year period.

Chairman Khaldoon Al Mubarak said: 'Manchester City is now five years in profitability, so I think this sustainable model we've been working on has proven to be a success and Silver Lake see that.'

City sources pointed towards Silver Lake's expertise and connections in technology to allow them to expand that side of the business and be well-placed to capitalise on new ideas.

Similarly, the 13 per cent stake sold to China Media Capital for £265m four years ago went some way to facilitating the eventual purchase of Sichuan Jiuniu.

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Egon Durban, managing director of Silver Lake, will take a place on the CFG board. He said: 'They are redefining football globally and in doing so have built a platform of marquee clubs across five continents. We are excited to partner with the board and CFG's world-class management team to help drive CFG's growth.'

Technological advancement is likely to be shaped towards both supporters and the playing squad, specifically how matches are analysed. Deloitte's sport business group director Tim Bridge said: 'The acquisition of clubs, and that multi-club ownership structure, have become something we've seen an increasing interest in.

'While there are other examples, the City Football Group has very much led the way in this regard. This news and the external investment could be considered as validation for City's approach.'

Silver Lake's finance will be used across the business, for revamped training bases in China and Uruguay, as well as potentially aiding the process behind building New York City's stadium.

City chairman Khaldoon Al Mubarak (L) claimed Pep Guardiola could stay beyond current deal

Money could also be used to expand their worldwide football schools, focused on training both coaches and young players.

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CFG has around 1,500 players, with the model evolving from sustained commercial success and the selling of sponsorship in different markets into the ability to place a player anywhere on the footballing scale.

Meanwhile, Khaldoon Al Mubarak claimed on Wednesday that manager Pep Guardiola could stay beyond his current deal which ends in 2021.

'I'm very satisfied with his commitment and our commitment to him and I'm looking forward to the continuity of this for years to come,' said Al Mubarak. 'We have a great relationship.'