CFG will work with other shareholders to focus on strengthening Jiuniu's performance, forging a strong relationship with fans and building a strong presence in the community.

"We believe AI technology will promote the development of the football industry to a new level and we will focus on developing Jiuniu to be a century-old club," said Zhou Jian, CEO of UBTECH, which has been a commercial partner of Manchester City since 2016.

China Sports Capital is jointly founded by China Media Capital (CMC) Consortium and Sequoia China. CMC became a minority shareholder of City Football Group in December 2017.

China has boasted a booming football market since the issue of a reform plan in 2017. China's top league the Chinese Super League (CSL) hosts a plethora of football stars from Europe and South America.

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