Marcelo Claure Buys 10% New York City FC Stake

Claure Purchases at 'US$1.5bn' Valuation

Bolivian-American businessman Marcelo Claure has bought a 10% stake in MLS club New York City FC. This investment values the club at $1.5 billion, more than double the $780 million valuation it received when it sold a minority stake to private equity firm Silver Lake in 2019. NYCFC is owned by City Football Group, which also owns Manchester City, and is the only MLS club that does not have a stadium of its own and plays its home games at Yankee Stadium.

About Marcelo Claure

Marcelo Claure is a Bolivian-American businessman and entrepreneur. He is the founder and CEO of Brightstar Corp., a global wireless distribution and services company. Claure is also the co-owner of Bolivian football club Club Bolívar. He is a prominent figure in the Bolivian business community and has been involved in several high-profile ventures.

New York City FC

New York City FC is a professional soccer club based in New York City. The club was founded in 2013 and began play in Major League Soccer (MLS) in 2015. NYCFC is owned by City Football Group, which also owns Manchester City, Melbourne City FC, and Mumbai City FC. The club plays its home games at Yankee Stadium in the Bronx.

Why is this important?

This investment is a sign of the growing popularity of MLS and the increasing interest in soccer in the United States. It also highlights the growing influence of City Football Group in the global soccer landscape. CFG is one of the most successful soccer clubs in the world and has a proven track record of developing young talent and winning trophies. This investment will give NYCFC access to CFG's resources and expertise, which could help the club achieve success on the field.