City Football Group, the owners of the likes of Manchester City and New York City FC, have acquired their 10th football club in the form of Ligue 2 outfit ESTAC Troyes.
Since taking over Manchester City, the club's Abu Dhabi owners have expanded their team portfolio to clubs all around the globe.
They currently own Man City, NYC FC, Girona, Melbourne City FC in Australia, Yokohama F Marinos in Japan, Montevideo City Torque in Uruguay, Sichuan Jiuniu FC in China, Mumbai City FC in India and Lommel SK in Belgium.
On Thursday, they added Troyes to that list.
“We have had an interest in French football for some time and have long admired ESTAC, so we are delighted to have completed the acquisition of our tenth club and have a permanent presence in France," City Football Group chief Ferran Soriano said in a statement after the purchase.
"his is a milestone for City Football Group and demonstrates how our model continues to adapt and grow in a relatively short space of time.
“At City Football Group, our objective remains to play beautiful football, identify and develop grassroots talent and have a permanent presence in the world’s football centres.
"There is no doubt that France is one of the top football countries in the world and we are proud to be part of that community. We look forward to getting to know our new home and the Club’s fans and working together to create a bright future for ESTAC.
"We would also like to thank Mr Masoni for all his contributions to the Club”.
The shares required in order to complete the takeover were purchased from previous owner Daniel Masoni.
Troyes were founded in 1986 and won the 2001 Intertoto Cup after beating Newcastle on away goals after a 4-4 aggregate scoreline after two legs.