195 million euros, Manchester City makes a crazy offer for the Brazilians

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Manchester City’s owners City Football Group appear to have made a massive bid for Brazilian football club Bahia.
The Manchester Evening News says City Football Group has made a bid of 1 billion reais (£174.9m, around €195m) to buy Brazilian second-tier side Bahia.
Manchester City’s parent company – City is its flagship club – has submitted the bid following a recent change to a law in Brazil that allows clubs to receive outside investment.
CFG hopes to take a 90 percent stake in the two-time Brazilian champions, with the bid also said to include an option to buy a further 5 percent of the club.
The bid for the Salvadoran-based side still needs the approval of the club’s members, but if accepted Bahia will become the 13th club in CFG’s ever-expanding portfolio.
CFG was founded in 2013 at the same time that New York City FC was founded. Since then, clubs including Melbourne City, Yokohama F. Marinos, Girona and Troyes have come under its umbrella, with CFG maintaining varying levels of control at each club

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