The agreement will enable Bolivia's most successful club to
tap into the City Football Group's (CFG's) expertise including in the areas of
scouting and coaching.
"We are very pleased to grow our global presence
through this important collaboration with Club Bolivar, City Football Group's
first partner club," said CFG chief executive Ferran Sorriano.
He said the link would strengthen CFG's knowledge of, and network
in, South American football.
Bolivar president Marcelo Claure said "a dream becomes
reality" for the La Paz-based club, which boasts 29 league titles.
"We will utilise the expertise and advice that CFG
brings to continue in our goal to place Bolivar as a top club in Latin
America," he said.
CFG also owns 10 clubs across the world, including
Manchester City, New York City, Yokohama F. Marinos in Japan, and Sichuan
Jiuniu in China.
The stated aims of the group, established in 2013, include
boosting participation in football and unearthing and developing the best
football talent