Manchester City have added Club Bolivar to their City Football Group (CFG) portfolio, making the Bolivian giants their first partner club.
Bolivar, who are based in the Bolivian capital of La Paz, boasts 29 domestic league titles in its history that dates back to 1925 when the club was founded.
French side Troyes became the 10th team acquired by CFG in September, however, a stake has not been purchased in Club Bolivar, instead opting to make the side CFG's first partner club.
Club Bolivar will benefit from the partnership by having access to CFG's wide breadth of expertise, proprietary technology, best practice, and strategic advice developed by the Group over the past seven years through its multi-club structure.
Additionally, the club will be able to receive advice on scouting and coaching methodologies, youth academy development strategies, sports science and access to CFG's football data and insights platform to help the side deepen its understanding of the performance of its teams and players.
From a business perspective, CFG will help Club Bolivar grow its partnership revenue, build world-class facilities, promote league-wide improvements and support the development of its key executives.
“We are very pleased to grow our global presence through this important collaboration with Club Bolivar, City Football Group’s first Partner Club," started Ferran Soriano, CFG CEO.
"This long-term agreement is the first of its kind and will enable Club Bolivar to draw down on and utilise the wide range of football industry expertise developed by City Football Group.
"As well as supporting Club Bolivar’s ambitions, we have an opportunity to learn. Our work in Bolivia will certainly strengthen our knowledge of, and network in, South American football.
Marcelo Claure, president of Bolivar, added: "Today, a dream becomes reality. Club Bolivar joins the City Football Group family as a Partner Club, consolidating a long-term project developing world-class football, corporate and infrastructure standards that will enable Club Bolivar to become even bigger. We will utilize the expertise and advice that CFG brings to continue in our goal to place Bolivar as a top club in Latin America."
“Led by our recently appointed sporting director, Javier Recio, and now supported by the advice and expertise of City Football Group’s consultant, Bolivian native Rodrigo Marion, Club Bolivar aims to build a strong organisation and develop players to help the nation qualify for the World Cup.
"This arrangement will allow Club Bolivar to call upon the significant experience and knowledge of City Football Group to help it realise its ambition to develop leaders on and off the pitch and give Bolivian kids the opportunity to achieve their dreams.”
Author: Jake Wilkin