Manchester City Buying Aussie Football Club
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Manchester City Buying Aussie Football Club
MANCHESTER CITY FOOTBALL CLUB TO ACQUIRE MELBOURNE HEART FC IN PARTNERSHIP WITH OWNERS OF MELBOURNE STORM
• Investment underscores growing profile of the Hyundai A-League and potential of football in Australia and throughout the region
1000hrs - 23 January 2014, Melbourne: 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. The Board feels that the next phase of the club’s development can be most fully realised with this new investment and the associated benefits that the enthusiasm of the consortium will bring”.
FFA CEO David Gallop said the acquisition of the Melbourne Heart licence was a huge vote of confidence in the future of the Hyundai A-League.
“Football has moved into the mainstream of Australian sport and is ideally placed to benefit from the boom in football across Asia,” said Gallop.
“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.
“Manchester City and their partners will bring a high level of expertise in football and sports business matters and that can only strengthen the Melbourne Heart and the Hyundai A-League as a whole.”
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.
Manchester City’s investment in Melbourne Heart FC follows its establishment of New York City Football Club in May 2013, which will enter Major League Soccer in the United States in the 2015 season, and its establishment of Manchester City Women’s Football Club, that will play in 2014.
In support of this expansion, City has significantly boosted its resources in scouting, coaching, human performance, football tactics and other football capabilities, most notably through its landmark City Football Academy (CFA) in Manchester, UK. Due to open in 2014, the CFA will transform the organisation’s training and youth development capabilities and help it to attract the world’s most promising footballers both now and in the future.
http://www.footballaustralia.com.au/melbourneheart/news-display/Media-Statement/83936
This is the second club (after New York FC) that Manchester City have purchased/funded. Note: MANCHESTER CITY FC, not the owner himself.
How is this considered legitimate within the laws and regulations of the game? Surely the governing bodies can see the potential for abuse and conflicts of interest inherent in such a set up, can't they?
RedOranje- Admin
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Re: Manchester City Buying Aussie Football Club
It's like a game of Monopoly for them
Lex- World Class Contributor
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Re: Manchester City Buying Aussie Football Club
Pretty sure its only teams in the same competition is it not?
Doesn't Abramovich own CSKA?
Doesn't Abramovich own CSKA?
Great Leader Sprucenuce- Forum Legend
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Re: Manchester City Buying Aussie Football Club
Fairly sure Abra doesn't own CSKA.... We've just got close ties to Vitesse.
Also, I thought this was happening ages ago, or was that WSW?
Also, I thought this was happening ages ago, or was that WSW?
Kick- Admin
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Re: Manchester City Buying Aussie Football Club
Maybe it works as one team is in the CONCACAF and one in the AFC (or ar they in the OFC still and only the NT in the AFC?). Might get tricky if they'd meet in the CWC, though.
rwo power- Super Moderator
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Re: Manchester City Buying Aussie Football Club
Great Leader Sprucenuce wrote:Pretty sure its only teams in the same competition is it not?
Doesn't Abramovich own CSKA?
Abramovich owning Chelsea AND CSKA would still be hugely different from CHELSEA owning CSKA. That's what I'm asking about. Like I said, this isn't City's owner buying these clubs, it's the club itself.
RedOranje- Admin
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Re: Manchester City Buying Aussie Football Club
I can understand an owner choosing to own it, or a strategic partnership between clubs, but the club itself owning the other one...yeah, it just feels like somehow, this is wrong.
Eman- First Team
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Re: Manchester City Buying Aussie Football Club
Oh damn my bad.... yes this is a bit weird
Great Leader Sprucenuce- Forum Legend
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Re: Manchester City Buying Aussie Football Club
I mean, let's say that the Hearts end up picking up some child prodigy through Australian youth footy... he's contracted to the Hearts, but would City, as owners, have influence/control over his contract so that they could literally cherry pick him at will if he looks promising? And how would loans/etc work between such clubs? Could City simply use New York/Hearts as farms where they could hoard young talent without worrying about FFP and/or squad limitations within the English game?
RedOranje- Admin
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I remember a while ago there was talk of River and Boca opening franchises in the MLS, nothing ever came from it, but I don't think the mere idea would be possible if a club couldn't own another in a different country.
BarrileteCosmico- Admin
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Re: Manchester City Buying Aussie Football Club
I would assume that's the whole point but why the hell buy clubs in the US and Australia? Neither league is neither ideal for seasoning young talent or likely to generate much talent.
I could understand investing in clubs in Spain, Italy and Germany, even if in the second or third division, but this is just a bit unnecessary.
I could understand investing in clubs in Spain, Italy and Germany, even if in the second or third division, but this is just a bit unnecessary.
Last edited by Le Samourai on Wed Jan 22, 2014 11:52 pm; edited 1 time in total
Le Samourai- World Class Contributor
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chemicalboy99- First Team
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Re: Manchester City Buying Aussie Football Club
chemicalboy99 wrote:
http://www.ultraimg.com/images/c9u1X.gif
RealGunner- Admin
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Re: Manchester City Buying Aussie Football Club
Lmfao perfect
Lex- World Class Contributor
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Re: Manchester City Buying Aussie Football Club
@chemical
Got a bigger pic lol?
Got a bigger pic lol?
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Re: Manchester City Buying Aussie Football Club
RealGunner wrote:@chemical
Got a bigger pic lol?
Lol....Got it off the err extremely busy Melbourne Heart footballing forum. Someone applied for a Melbourne City FC trademark.
I notice they have Harry Kewell and Orlando Engelaar playing for them. Dat Pace!!! No wonder they're bottom!!
chemicalboy99- First Team
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^ They've won like 1 game in their last 20.
Red Alert- World Class Contributor
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Re: Manchester City Buying Aussie Football Club
RG abusing that falcao gif today
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Re: Manchester City Buying Aussie Football Club
Red Alert wrote:^ They've won like 1 game in their last 20.
Looking at their squad they're overachieving
chemicalboy99- First Team
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I am in love with it lmao. Can't stop laughing.
RealGunner- Admin
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Re: Manchester City Buying Aussie Football Club
a club buying another club?? sounds like something fun to do in football manager
Donuts- Fan Favorite
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Re: Manchester City Buying Aussie Football Club
Further good news for Melbourne Heart potentially, having just ended a 19 game streak without a win. As Le Sam pointed out though, the A League is far from ideal as a market or as a field in which youngsters can gain experience. I imagine there will be very little activity for some time yet, it will be a while before we can judge if it will be a positive relationship for either side.
dostoevsky- Super Moderator
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Worst team in the league by far, investment can only be good for Heart.
Forza- Fan Favorite
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Re: Manchester City Buying Aussie Football Club
Oh ffs, what idiots, who buys the heart out of all teams in the a-league.
They just came off a 19 game no win streak FFS.
The wanderers have been up for sale and are 1000x better than heart ffs.
This is our second season and we have better crowds and are performing much better than the heart.
We also have the whole region of western sydney to cherry pick for football talent FFS.
Could of used a sugar daddy to finance our marquee players.
They just came off a 19 game no win streak FFS.
The wanderers have been up for sale and are 1000x better than heart ffs.
This is our second season and we have better crowds and are performing much better than the heart.
We also have the whole region of western sydney to cherry pick for football talent FFS.
Could of used a sugar daddy to finance our marquee players.
mr-r34- First Team
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Re: Manchester City Buying Aussie Football Club
If I were a WSW supporter, there is no way I would want Man City to buy the club because theoretically you would alienate all of the fans of Man City's rivals in England who also support WSW. Although, I notice that as a Liverpool fan, you are not concerned by that mr-r34?
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