City-led group buy Melbourne Heart
January 23, 2014
By Associated Press
Manchester City have taken control of struggling A-League club the Melbourne Heart, purchasing their license as part of a strategic investment in partnership with Australian National Rugby League side the Melbourne Storm.
Football Federation Australia chief executive David Gallop said the new owners will "assume responsibility for all existing obligations of the Melbourne Heart.'' He described the takeover as a vote of confidence in the future of the A-League.