English Premier League club Manchester City, in partnership with a group of owners of NRL side the Melbourne Storm, have acquired A-League franchise the Melbourne Heart.
Football Federation Australia approved the acquisition on Thursday. The move will allow the new owners to assume responsibility for all existing obligations of the Heart, effective immediately.
The Storm’s ownership group will be minority shareholders with a 20 per cent stake.
Manchester City chief executive Ferran Soriano said he was excited about the opportunity to make the Heart one of the most successful clubs in Australia and throughout the region.
