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Man City buy A-League club Melbourne Heart

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Man City buy A-League club Melbourne Heart Empty Man City buy A-League club Melbourne Heart

Post  Black Cat Kiwi on 2014-01-25, 2:47 am

From my neck of the woods...Mel Heart are the bottom team but I'm sure with the oil money they top the league within two years just like there owners!







Man City buy A-League club Melbourne Heart
By Roje Adaimy and Greg Buckle, AAPUpdated January 23, 2014

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The first major effect of Manchester City's purchase of Melbourne Heart could be the A-League club's name changing to Melbourne City.
The English Premier League giants, in partnership with a group of owners of NRL side the Melbourne Storm, announced on Thursday they had acquired the Heart's licence.
The takeover is believed to be worth around $11 million, giving Manchester City a controlling share of 80 per cent and minority shareholders the Storm a 20 per cent stake.
An application to trademark the name Melbourne City Football Club was lodged by MHFC Holdings Pty Ltd on January 16 - just a week before the takeover was announced on Thursday. It's awaiting approval.
Coincidently, the Heart's new minority shareholders and Storm owners, Holding MS Australia Pty Ltd, have also registered the business name Melbourne City FC with the Australian Securities and Investments Commission (ASIC) and bought the MelbourneCityFC.com.au domain name.
Both were registered on July 10 last year, less than two months after the consortium purchased the Storm.
Neither Manchester City, the Heart Consortium Group nor the Storm have indicated a name change is on the cards, saying only that they will hold off from making any major announcements until mid-2014 - after this A-League season ends.
Football Federation Australia (FFA) chief David Gallop described the Manchester City deal as a huge vote of confidence in the Australian league.
The move will allow the new owners to "assume responsibility for all existing obligations of the Heart", effective immediately.
Manchester City chief executive Ferran Soriano said he was excited about the opportunity to make the Heart one of the most successful soccer 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," Soriano said in a statement.
Manchester City's billionaire owner Sheikh Mansour has ploughed a fortune into the club since 2008 and this outlay has included not only buying star players but working on youth development.
A huge campus that is being built on reclaimed land next to City's stadium is likely to be the venue for a pre-season camp for the Heart in mid-2014.
The Heart are expected to become part of City's global beast and share playing styles and philosophies with City.
"We get locked into players, that's the epicentre of everything, but there's a lot of people that work at a football club," City's academy director Brian Marwood told News Corp Australia.
"Why not get the benefit of their experience?
"The cross-fertilisation of ideas and experiences is huge, whether it's a player, coach, physio or masseur.
"We want people to experience all kind of opportunities."
Victorian Premier Denis Napthine said he recognised Manchester City's strong links with one of his state's key trading partners, the United Arab Emirates.
"Victorians love their sport and their major sporting events and I know they would fully embrace Manchester City if they were to visit Melbourne as part of this new partnership with Melbourne Heart.
"The Victorian Government stands ready to foster such a visit to Melbourne just as we have successfully done with Liverpool FC, the British (and Irish) Lions Rugby Team and many other major sporting teams," the premier said.
City's investment follows last year's establishment of the New York City Football Club, which will enter the Major League Soccer (MLS) competition in 2015.


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