The owners of Manchester City, City Football Group, have made an offer of 1 billion reais (£174.9m) for Brazilian top-flight outfit Bahia.
The purchase is part of an influx in funding in the Brazilian game, following the approval of a law that allowed clubs to seek outside investment. CFG have announced that their bid is part of an effort to buy a 90% stake in Bahia - two-time Brazilian champions - and, should it be accepted, they would then become the 13th club in their ever-growing footballing portfolio.
The bid for Bahia, based in Salvador, still needs approval from the club's members. The offer is well above the 650 million reais cited by club president Guilherme Bellintani to local media earlier this year when talks with CFG were first announced. The bid is also said to include an option to buy an additional 5% of the club.
