City Football Group has made an offer of 1 billion reais (£174.9m) to buy Brazilian second division side Bahia.
The parent company of Manchester City - City are its flagship club - has tabled the bid after a recent law change in Brazil that allows clubs to receive outside investment. CFG are hoping to acquire a 90 per cent stake in the two-time Brazilian champions, with the bid said to also include an option to acquire a further 5 per cent of the club.
The bid for the Salvador-based side still needs the approval of club members, but should it be accepted Bahia will become the 13th club in the ever-expanding CFG portfolio.
