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Melbourne Heart taken over by Man City

whall15

Coach
Messages
15,871
A consortium led by Manchester City Football Club - including a 20 percent stake from Melbourne Storm - has bought over Melbourne Heart in a deal worth a reported $11million, the club revealed today.

The announcement ended months of debate about the club's future, but sparked fresh speculation with the revelation the club filed the name Melbourne City Football Club as a trademark last week.

“We are excited about the opportunity to make Melbourne Heart one of the most successful football clubs in Australia and throughout the region,"said Ferran Soriano, CEO of Manchester City.

"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, 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 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.”

Manchester City’s investment in Melbourne Heart FC comes after they set up New York City Football Club last May, which will join the MLS next year and their Manchester City Women’s Football Club that will play in 2014.

City have boosted their scouting, coaching, human performance, football tactics and other football capabilities, mainly through their City Football Academy in the UK to support the expansion. Due to open in 2014, the CFA will boost the organisation’s training and youth development capabilities with the aim of attracting the world’s most promising footballers.

Ferran Soriano added: “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.

http://www.fourfourtwo.com/au/news/manchester-city-take-over-heart#sY2TPxYpLWOQ8l3J.99
 

Twizzle

Administrator
Staff member
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155,434
Now watch them pay overs for every money grabbing hack that becomes available, something Citihad have become experts at.
 

ek999

First Grade
Messages
6,982
Doesn't the A-League have a salary cap though? It's a bit hard to pay massive overs to get players when you only have a limited budget. It will give the Heart a massive advantage in signing young Australian talent IMO
 

Twizzle

Administrator
Staff member
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155,434
and the EPL has Financial Fair Play to prevent teams from overspending sugar daddy's money
 

Bulldog Force

Referee
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20,619
http://www.fourfourtwo.com/au/news/manchester-city-take-over-heart#sY2TPxYpLWOQ8l3J.99

“We are excited about the opportunity to make Melbourne Heart one of the most successful football clubs in Australia"
:lol: How many achievements in their short, 5 year history have they gained? How many trophies have they won? How much dominance have they had in a nuffy competition?

Oh, and that does not include the umpteen matches they've gone without a win :lol: :lol: :lol:
 
Last edited:

Alpha

Juniors
Messages
330
Name is set to be changed to Melbourne City Football Club (MCFC) from what I am reading.

Expect a re-branding with new team colours, jerseys etc.
 

Misanthrope

Moderator
Staff member
Messages
47,624
Mate, when it comes to Australia and Soccer, there is no opportunity, specifically in Gay-FL-mad Melbourne!

Jesus, you've already made one dumb comment in the thread, and you follow it up with this?

Yes, football has no hope in Australia, and especially not in a city where the other club regularly draws crowds between 25,000 and 50,000 :roll:
 

cleary89

Coach
Messages
16,516
Yes, football has no hope in Australia, and especially not in a city where the other club regularly draws crowds between 25,000 and 50,000 :roll:

Define regularly, because I wouldn't have said once in 4 months is regularly but to each their own I guess.
 

Big Sam

First Grade
Messages
8,976
:lol: How many achievements in their short, 5 year history have they gained? How many trophies have they won? How much dominance have they had in a nuffy competition?

Firstly, it's not a nuffy competition you Eurosnob. Secondly, I'd say that never making a financial loss (i.e. breaking even) in their 4 seasons of existence is a pretty good achievement, particularly when they only have a supporter base of 7k. That's something that a few VFL and NRL clubs have struggled to do.

The fact that they have this fundamental financial stability probably made them attractive for this type of investment.
 

Big Sam

First Grade
Messages
8,976
The resources and power of Sheikh Mansoor makes this deal a seismic moment for the A-League

Tom Smithies, Analysis The Daily Telegraph January 23, 2014 10:01AM

IF you want to understand the seismic changes to the landscape of the A-League this morning, then you need to understand the sheer power of the resources and vision that have been thrown behind Melbourne Heart.
Manchester City's billionaire owner, Sheikh Mansoor, has sunk a fortune into the club since buying it in 2008, and while a lot of it has undoubtedly gone on buying star players, many more millions have been spent City's youth development plans.
Nearly 18 months ago, this correspondent reported from the scene of a huge campus being built on reclaimed land next to City's stadium, with every one of the club's youth teams down to age 8 training at the same hi-tech facilities.
What City's purchase of an A-League club does is open up that resource to the players and coaching staff of Melbourne Heart, and bind the Australian entity into a global beast with consistent philosophies on how the game should be played.
So while the initial focus will undoubtedly be on the future of coach John van't Schip and his players, in the background there will quickly be money spent substantially on the creation of a Heart academy, with a dedicated head coach who reports to a similar figure at City.
The youth teams at Heart, New York City and Manchester City will all be mandated to play in the same way. The Heart first team will get to spend part of their pre-season training at City's campus in Manchester.
"We get locked into players, that's the epicentre of everything, but there's a lot of people that work at a football club," muses City's academy director Brian Marwood. "Why not get the benefit of their experience?
"The cross fertilisation of ideas and experiences is huge, whether it's a player, coach, physio or masseur. We want people to experience all kind of opportunities."
For the A-League as a whole, this is also a seminal day. One of the giants of world football has effectively put millions of dollars behind its judgment that Australian football has enough growth potential to warrant investment but also is enough of a first-world league. Many more shirts could be sold in other parts of Asia, but none offer the "stable environment" - their words - in which City want to do business.
With Football Federation Australia also believed to be less than three weeks away from announcing the sale of Western Sydney Wanderers, it's a tumultuous start to 2014 for the A-League.

http://www.foxsports.com.au/footbal...-for-the-aleague/story-e6frf423-1226808309758
 

andrew057

First Grade
Messages
7,485
Firstly, it's not a nuffy competition you Eurosnob. Secondly, I'd say that never making a financial loss (i.e. breaking even) in their 4 seasons of existence is a pretty good achievement, particularly when they only have a supporter base of 7k.

Source?


"Our numbers are not publicly reported," he said. "The numbers you quote for this season are miles off board . . . they are not even remotely close. We always thought we would lose in the first two seasons but would break even in year three. Our budget is built around a break-even model."

http://www.theaustralian.com.au/spo...-loss-is-way-off/story-fn63e0vj-1226342143670
 

Big Sam

First Grade
Messages
8,976

Cannot find anything on the first two seasons (it would be likely that there was a small loss in Season 1), but found these quotes since then:

Chairman Peter Sidwell said Heart was on track to break even in its third year in the A-League, aided by the recent sales of Aziz Behich (Bursaspor) and Michael Marrone (Shanghai Shenxin) which netted the club about $750,000.

http://www.heraldsun.com.au/sport/f...lucas-neill-miss/story-e6frfg8x-1226580652565

While Heart's crowds have stagnated, the club will turn a small profit this season and Munn said this made the model enticing to potential investors.

http://www.couriermail.com.au/sport...b4019a10c847194c287e9d50#.UYEAOb1PkSE.twitter

While the much-maligned club has underperformed on the field and struggled to lift crowds, Heart has built a self-sustainable model and sold for a profit which is a rarity in the sporting landscape.
The Herald Sun understands that the current owners, led by chairman Peter Sidwell, have made a $6m profit on Heart.
http://www.foxsports.com.au/footbal...watershed-moment/story-e6frf423-1226808364122

When you compare to recent expansion clubs in other codes like like the Suns and GWS (who continually need millions in propping up from the VFL) and the Titans (who almost went belly up), it's a fantastic achievement and one which made them such a great investment.
 

BunniesMan

Immortal
Messages
33,789
People can talk about the billions Heart's owners have but that can only have a certain amount of influence in a salary capped league. City would not have gotten to the top of the Premier League in a salary capped league. This does not mean 'Melbourne City' will be a superpower next season.

Always have been and always will be in Victory's shadow. Real clubs with real fans will always dominate plastic clubs in a league with a cap.
 

andrew057

First Grade
Messages
7,485
Cannot find anything on the first two seasons (it would be likely that there was a small loss in Season 1), but found these quotes since then:







When you compare to recent expansion clubs in other codes like like the Suns and GWS (who continually need millions in propping up from the VFL) and the Titans (who almost went belly up), it's a fantastic achievement and one which made them such a great investment.

Nothing definitive, just speculation.
 
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