Is this the way football is going ?..................
Manchester City Football Club to acquire Melbourne Heart FC in partnership with owners of Melbourne Storm.
A consortium led by Manchester City Football Club has acquired Melbourne Heart FC effective immediately.
The consortium also includes the ownership group of the Melbourne Storm as minority shareholders with a 20 percent stake.
Ferran Soriano, CEO of Manchester City, said: “We are excited about the opportunity to make Melbourne Heart one of the most successful football clubs in Australia and throughout the region.
"We believe the strong sports culture of Melbourne combined with the football and commercial expertise within our consortium will make for a powerful combination both on and off the pitch."
Bart Campbell, Chairman of the holding company Heart Consortium Group and Chairman of the Melbourne Storm NRL side, said: “Partnering with City to co-invest in Melbourne Heart will further strengthen the sporting landscape in one of the world’s greatest cities and bring a range of new capabilities to AAMI Park.
"We are excited to be a part of this unique project. It is our shared ambition to replicate the model that City created with the New York Yankees around New York City FC and for both organisations to benefit as a result”.
He added: “We are grateful to Peter Sidwell and his Board for creating a Club with such obvious strengths and potential.”
Speaking on behalf of the exiting Board of Melbourne Heart FC, Chairman Peter Sidwell said, “The Board feels that with the successful establishment and evolution of the Club over the last four years, Melbourne Heart now stands on sound commercial and financial foundations.
Manchester City Football Club to acquire Melbourne Heart FC in partnership with owners of Melbourne Storm.
A consortium led by Manchester City Football Club has acquired Melbourne Heart FC effective immediately.
The consortium also includes the ownership group of the Melbourne Storm as minority shareholders with a 20 percent stake.
Ferran Soriano, CEO of Manchester City, said: “We are excited about the opportunity to make Melbourne Heart one of the most successful football clubs in Australia and throughout the region.
"We believe the strong sports culture of Melbourne combined with the football and commercial expertise within our consortium will make for a powerful combination both on and off the pitch."
Bart Campbell, Chairman of the holding company Heart Consortium Group and Chairman of the Melbourne Storm NRL side, said: “Partnering with City to co-invest in Melbourne Heart will further strengthen the sporting landscape in one of the world’s greatest cities and bring a range of new capabilities to AAMI Park.
"We are excited to be a part of this unique project. It is our shared ambition to replicate the model that City created with the New York Yankees around New York City FC and for both organisations to benefit as a result”.
He added: “We are grateful to Peter Sidwell and his Board for creating a Club with such obvious strengths and potential.”
Speaking on behalf of the exiting Board of Melbourne Heart FC, Chairman Peter Sidwell said, “The Board feels that with the successful establishment and evolution of the Club over the last four years, Melbourne Heart now stands on sound commercial and financial foundations.