The club's owners, City Football Group, have devised a long-term plan of having one club in each continent and want to invest in a francise called Shanghai City FC.
China Media Capital, owners of the Chinese Super League's TV rights and China's Football Association rights, bought a 13% share in CFG's £3 billion empire worth £265 million in December 2015.
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CFG's role in the Chinese Super League is mostly just an advisory one regarding the running of their league, and it's reported they have no plans to get directly involved given the ludicrous wages and hefty transfer fees offered to the likes of Jackson Martinez, Ezequiel Lavezzi and Alex Teixeira.
This would be the Sky Blues' fourth franchise in football, alongside Melbourne City (A-League, Australia), Yokohama F. Marinos (J-League, Japan) and New York City FC (MLS, America).
The incentive for City's chiefs is to have multiple clubs across the globe in order to move players between them.
In turn, this would create greater commercial opportunities alongside financially self-sufficient clubs capable of competing.
City currently sit fourth in the Premier League, 15 points behind league leaders Leicester City and just one above rivals Manchester United, who they lost to at the weekend.
Losing out on a Champions League spot would cost them heavily, especially so with Pep Guardiola due to take over this summer - they simply can't miss out on European football.
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