Man City owner buys Chengdu club

Manchester City's parent company on Wednesday announced a landmark investment in Chinese soccer with the purchase of third-tier club Sichuan Jiuniu.

City Football Group has acquired the Chengdu-based team in a joint deal with UBTECH, an artificial intelligence and robotics company, and China Sports Capital.

Jiuniu plays its home games at the 27,000-capacity Chengdu Longquanyi Football Stadium and will kick off its new season in March. The club was formed by the 2017 Sichuan National Games Under-20 team.