City Football Group (CFG) has divested its shareholding in Mumbai City FC. The founding owners will assume full control of the organisation moving forward.

The group had acquired a 65% stake in the football club in 2019. The subsidiary of Abu Dhabi United Group had hadded Mumbai City FC as its eighth club under the City Group then.

Now, the club has divested its stake in the club, returning it to the founding owners of the club that include Ranbir Kapoor.