Manchester City buy stake in A-League's Heart

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

Relevant offers

Football

All Whites winger Jai Ingham happy to bide time with Melbourne Victory Arsenal's Alexis Sanchez cops a face full, falls foul with fans over throw-in antics Will Chelsea win the Premier League and FA Cup double? Our writers debate Tottenham Hotspur keep pressure on Chelsea with English Premier League victory Burnley's Joey Barton hits out at FA over 18-month gambling ban Brisbane Roar, Western Sydney Wanderers crash out of Asian Champions League Newcastle and West Ham raided in football tax fraud investigation Wellington Phoenix deny making coaching offer to former England manager Stuart Pearce Adelaide United snatch dramatic Asian Champions League draw at Gamba Osaka Minnows battle in preliminary round as they chase dream of Chatham Cup glory

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