Man United buy a player so City have to go and buy a club...
Manchester City have extended their global reach, this time into Australia. After recently setting up the New York City F.C. franchise in a joint venture with the New York Yankees, they last night confirmed that they have taken a majority share in struggling A-League side the Melbourne Heart. After several days of talks, senior executives at City have completed a deal which will see them own a 80% stake in the club.
Only as recent as last year City held talks with Sydney F.C. but it have now made an investment “for the long term” according to City CEO Ferran Soriano. Football Federation Australia (FFA) chief David Gallop described the deal as a huge vote of confidence in the Australian league. "Football has moved into the mainstream of Australian sport and is ideally placed to benefit from the boom in football across Asia"
"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."
Heart are currently bottom of the 10 team A-League table despite having former Liverpool striker Harry Kewell and ex-Coventry forward Michael Mifsud in their ranks.