Thursday, January 23, 2014

Manchester City acquires 80% stake of Melbourne Heart

English Premier League club Manchester City has acquired 80% stake of the A-League club, Melbourne Heart, while the 20% stake has been acquired by a group of businessman related to National Rugby League side Melbourne Storm including Bart Campbell. This acquisition was approved by Football Federation Australia (FFA) on Thursday.
It is believed that Manchester City’s involvement will help Melbourne Heart to be one of the most successful football clubs in Australia and throughout the region.

It is expected that Manchester City and their partners will make no immediate changes at the club at least for the rest of the season. This decision will give the players, Coach John van t' Schip and existing management the opportunity to prove their skill to be part of the new order.