Manchester City buy stake in A-League's Heart

MICHAEL LYNCH
Last updated 12:49 23/01/2014

Relevant offers

Football

Manchester City blow chance to close gap on Premier League leaders Chelsea Jose Mourinho fumes at referee after Chelsea denied penalty at Southampton Tottenham Hotspur hold Manchester United to draw West Ham aim to cut debt by selling share of club Dubious penalty earns Wellington Phoenix 1-0 victory over Western Sydney Wanderers Kiwi referee Peter O'Leary at centre of controversy again Cristiano Ronaldo looking to improve on an outstanding year with Real Madrid John Terry as good as ever for Chelsea, says delighted manager Jose Mourinho Manchester United bandwagon gathering pace under Louis Van Gaal Fernando Torres to make loan move from Chelsea to AC Milan permanent

Melbourne Heart is understood to have completed a sale worth around $11 million with a significant amount of the funding believed to be coming from middle eastern investors who have bankrolled English powerhouse Manchester City.

The takeover of the struggling A-League side has been mooted for several months but is believed to have been signed off by Football Federation Australia on Wednesday night.

The deal is being fronted by New Zealand entrepreneur Bart Campbell, who also headed a consortium that bought NRL club Melbourne Storm last year. Campbell is sports management and sports marketing company TLA Worldwide which controls Melbourne Storm. Campbell is the non-executive Chairman of sport management and marketing company TLA Worldwide.

They have been in talks with Heart chairman Peter Sidwell and his fellow directors for a number of months. However sources indicated that some of the cash will be provided by the fabulously wealthy investors from the United Arab Emirates who have helped to turn Manchester City into one of the strongest clubs not only of the English Premiership but also European soccer.

Heart is currently bottom of the A-League and has had a horror season only winning its first game of the campaign last Friday when it saw off Newcastle in a 3-1 win at AAMI Park.

Ad Feedback

- The Age

Special offers
Opinion poll

Will Burnley retain their EPL status?

Yes, they've found a winning formula

Maybe, but there’s a long way to go

No. They lack quality in certain areas

Vote Result

Featured Promotions

Sponsored Content