Man City owners buy Belgian second division side Lommel SK which is his 9th club

Manchester City's parent company are set to add a ninth club to their portfolio by buying Belgian second division side Lommel SK.

City Football Group, who are majority owned by Abu Dhabi United and have involvement from China Media Capital, CITIC Capital and Silver Lake, will wipe out Lommel's debts of £1.75million.

Lommel were sixth in the closing stage of the Belgian second tier before the campaign was interrupted by the coronavirus crisis.

Along with the Premier League side, City Football Group own 100 per cent of Melbourne City and Montevideo City Torque.

They also have majority stakes in New York City and Mumbai City, while they own 44.3 per cent of Girona.

CFG also own 28 per cent of Chinese side Sichuan Jiuniu and one-fifth of Japanese team Yokohama F. Marinos.

They posted an annual revenue of £584m in 2018 and have a combined asset value of £804m, according to the same report.