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Well it didn't end up being a 100% sale as predicted widely in the press. But a sale none-the-less.
Extract from the Heart mail-out >
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.
"Manchester City and their Australian partners have made a strategic investment and I welcome them to our growing competition. It’s another sign that the world is taking notice of Australian football.
Regarding its plans for the Club, Ferran Soriano stated: "The first thing we must do is take the time to listen and learn and then to develop our strategy for strengthening the Club over time."
Out of respect for the coaching staff and the players in the middle of the A-League season, the new ownership group will not be making any major announcements until mid-2014.
Extract from the Heart mail-out >
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.
"Manchester City and their Australian partners have made a strategic investment and I welcome them to our growing competition. It’s another sign that the world is taking notice of Australian football.
Regarding its plans for the Club, Ferran Soriano stated: "The first thing we must do is take the time to listen and learn and then to develop our strategy for strengthening the Club over time."
Out of respect for the coaching staff and the players in the middle of the A-League season, the new ownership group will not be making any major announcements until mid-2014.

