You know that feeling when the star player walks off the pitch and doesn’t come back? That’s exactly how Indian football fans are feeling right now. In a move that has shocked the sports world, the City Football Group (CFG)—the billionaire owners of Manchester City—announced on December 26, 2025, that they are leaving Mumbai City FC. Since 2019, CFG has been the power behind the throne, but now they have sold their 65% stake back to the founding owners. This isn’t just about one club changing hands; the City Football Group Mumbai City exit is a massive red flag that deepens the Indian football crisis ISL fans have been dreading.
Let’s break down exactly what happened, why the Manchester City owners Mumbai City partnership ended, and what this means for the future of the beautiful game in India.
What Happened? Mumbai City FC Ownership Change Explained
If you missed the news while eating holiday leftovers, here is the scoop. On December 26, 2025, CFG released an official statement confirming they have “divested” (sold) their majority shares in Mumbai City FC.
The CFG Mumbai City ownership era is officially over. They handed the keys back to the original bosses: Bollywood superstar Ranbir Kapoor and businessman Bimal Parekh. These two now own 100% of the club again.
Below is the quick timeline of their rollercoaster ride:
- 2019: CFG buys a 65% stake in Mumbai City FC. Fans go wild hoping for “Man City style” football.
- 2020-2024: The plan works. The club wins 2 League Winners’ Shields and 2 ISL Cups. They were the kings of India.
- Dec 26, 2025: CFG announces they are leaving immediately.
The official statement was polite but firm. It thanked the fans and staff but made it clear that their time in India was up. For fans who got used to having the world’s best football network backing them, this is a tough pill to swallow.
Why CFG Mumbai City Ownership Exit Now? ISL Uncertainty 2026
Why leave now? The trophy cabinet is full, right? Well, it’s not about what happens on the pitch; it’s about the mess off it. The main reason for the split is the ISL uncertainty 2026.
In their statement, CFG mentioned the “ongoing uncertainty around the future of the Indian League.” That is a polite way of saying the league is in trouble. The Indian Super League crisis has been building up for over a year. There have been huge fights between the AIFF (India’s football bosses) and the league organizers (FSDL).
Key issues pushing them out:
- Master Rights Agreement Expired: The 10-year deal between the AIFF and the Reliance-led Football Sports Development Limited (FSDL) has ended. Stalled negotiations for renewal were cited as the reason the ISL was put on hold in July.
- Supreme Court Intervention: Talks to renew the agreement came to a halt after India’s Supreme Court asked the AIFF not to renew the deal with FSDL until it had issued an order over a separate case involving a new constitution for the federation.
- Zero New Investors: When the AIFF sought a new commercial partner, it emerged that no one was willing to invest in Indian football. This left the league without a viable path forward.
- No Games Since April: The ISL hasn’t played a single match since the last season ended on April 12th. That’s over eight months without top-flight football in India.
When a global giant like City Football Group leaves ISL, it sends a message: the risk is just too high right now.
Indian Football Crisis ISL: Root Causes and Signs
This exit didn’t happen in a vacuum. The Indian football crisis ISL story has been brewing like a perfect storm of financial instability and governance failures. The national team’s FIFA rankings reportedly dropped significantly to 142 in late 2025, and the vibe around the sport has turned gloomy.
The table below shows how things changed from the start of the partnership to the end:
| Year | Event | Impact on Indian Football |
| 2019 | CFG buys 65% of Mumbai City | High Hopes: Global investors trusted the ISL project. |
| 2021 | Mumbai City wins the Double | Peak Success: The system worked perfectly. |
| Dec 2025 | CFG divests Mumbai City stake | Crisis Mode: The biggest investor packs up and leaves. |
The Indian football crisis isn’t just about losing games; it is about losing trust. If the people who own Manchester City don’t think the ISL is a safe bet, why would other big companies invest?
Impact of City Football Group Leaves ISL on Mumbai City and League
So, what happens next? The Mumbai City FC ownership change has immediate effects.
For Mumbai City FC: The club loses access to the “City” brain. They used to get scouting reports, training tech, and even loan players from the CFG network. Ranbir Kapoor Mumbai City owner is a passionate fan, but he doesn’t have a global scouting network in his pocket. The club might struggle to keep up their high standards without that expert help.
For the ISL: This is a black eye for the league. The ISL always bragged about having CFG as a partner. It proved the league was “world-class.” Now, that seal of approval is gone. It signals investor flight—other sponsors might get scared and pull their money out too.
Global View: Globally, CFG is just refocusing. They are putting more money into their clubs in the USA and Europe. For them, India was a “growth market,” but it stopped growing fast enough. It’s a harsh lesson: passion alone doesn’t pay the bills.
Also Read: 5 Players Who Could Make Big Money January Transfer in 2026
CFG Portfolio: Before and After
| Club | Country | Status |
| Manchester City | England | Owned (Flagship) |
| New York City FC | USA | Owned |
| Melbourne City FC | Australia | Owned |
| Girona FC | Spain | Owned |
| Troyes AC | France | Owned |
| Mumbai City FC | India | Exited Dec 2025 |
Ranbir Kapoor Mumbai City Owner: What’s Next for Indian Super League Crisis?
It’s not all doom and gloom. Ranbir Kapoor and Bimal Parekh were the ones who started the club in 2014. They love this team. They have promised to keep fighting for trophies.
However, for the league to survive, the AIFF governance issues need fixing fast. A critical meeting is now scheduled between the AIFF and the participating clubs to figure out the league’s future. They need to:
- Sign a long-term TV deal.
- Fix the schedule so teams play more games.
- Stop the fighting between officials.
If they can do that, maybe ISL uncertainty 2026 will fade away. If not, this exit serves as a massive wake-up call—can Indian football fix its own house before more investors leave?



