KautoStar1 Posted June 21, 2014 Report Share Posted June 21, 2014 Forgive my ignorance but what is the significance of Storm's 20% share in the club? Never understood why CFG wanted a partner and why a RL club wanted to be. Any clarification much appreciated. Quote Link to comment Share on other sites More sharing options...
Nate Posted June 21, 2014 Report Share Posted June 21, 2014 Local sporting knowledge of Melbourne perhaps? I dunno really. Quote Link to comment Share on other sites More sharing options...
Alexxandro Posted June 21, 2014 Report Share Posted June 21, 2014 You really didn't need to start a whole thread for one simple question that has ben answered many times. Quote Link to comment Share on other sites More sharing options...
Popular Post KautoStar1 Posted June 21, 2014 Author Popular Post Report Share Posted June 21, 2014 You really didn't need to start a whole thread for one simple question that has ben answered many times. Piss off. If I'd seen the fucking answer previously I wouldn't have started a thread would i. And pull the bloody thread if it is so repulsive. 12 Quote Link to comment Share on other sites More sharing options...
KD. Posted June 21, 2014 Report Share Posted June 21, 2014 You really didn't need to start a whole thread for one simple question that has ben answered many times. Piss off. If I'd seen the fucking answer previously I wouldn't have started a thread would i. And pull the bloody thread if it is so repulsive. Lol 1 Quote Link to comment Share on other sites More sharing options...
malloy Posted June 21, 2014 Report Share Posted June 21, 2014 Something I have never really bothered to clarify,but is it storm or the owners of storm who own the 20%? Quote Link to comment Share on other sites More sharing options...
Alexxandro Posted June 21, 2014 Report Share Posted June 21, 2014 (edited) You really didn't need to start a whole thread for one simple question that has ben answered many times. Piss off. If I'd seen the fucking answer previously I wouldn't have started a thread would i. And pull the bloody thread if it is so repulsive. Can't argue with swear words. You win. Edited June 21, 2014 by Alexxandro 1 Quote Link to comment Share on other sites More sharing options...
Murfy1 Posted June 21, 2014 Report Share Posted June 21, 2014 There's a few answers that have been put forward as to why Melbourne Storm or Melbourne Storm owners bought 20% of the club, but as far as I can see the question hasn't been definitively answered. The idea that they bought in to the club to supply local knowledge seems to especially make sense, though. Bart Campbell (chairman of Melbourne Storm) is the chairman of a Heart consortium group holding company (I believe its exact name is 'MHFC Holdings Pty Ltd'), and this holding company has taken care of local issues like trademarking the name 'Melbourne City Football Club' (and I think the Storm owners have also secured Melbourne City's website/s). Also, I think the Melbourne storm bigwigs (Campbell, Ryan etc.) were keen to partner with Manchester City, thinking the partnership would benefit Melbourne Storm: Melbourne Storm Chairman Bart Campbell believes the partnership will allow Storm to grow and develop alongside some of the world’s most recognisable brands. “It was an interesting day for us, we have been able to join in purchasing the Melbourne Heart with Manchester City,” Campbell said. “From our point of view its great to have access to the expertise in one of the world's leading sports organisations and to provide someone on the ground support for them here in Melbourne.” Storm’s partnership with Manchester City, one of the biggest sporting clubs in the world will be an affiliation both clubs can benefit significantly from according to Campbell. “We have got people as partners who really know what they are doing and are right at the front of the global game,” said Campbell. “I think there are a lot of key learnings there that will benefit Storm. “Having a chance to work together with Manchester City will be really good for us and for our business. “The facilities (in Melbourne) are world class, the people are passionate and there really is something you can do that is quite special here.” http://www.melbournestorm.com.au/news/2014/01/23/storm_partner_with_manchester_city_bart_campbell.html So it's not 100% clear why Melbourne Storm or Storm owners (as it's unclear whether Storm per se or their owners own the 20%) got in on the takeover and bought the 20%, but IMO the above reasons are the main 2 reasons why. Quote Link to comment Share on other sites More sharing options...
jw1739 Posted June 21, 2014 Report Share Posted June 21, 2014 My understanding is that we are going to share the Storm's facilities at AAMI Park, and that the 20% owners are handling the "back-office" functions of Melbourne City here on the ground. Quote Link to comment Share on other sites More sharing options...
M13 Posted June 21, 2014 Report Share Posted June 21, 2014 From what I understand it´s the owners of Storm, not the club itself.. Just like it´s CFG and not Manchester City. As for why.. I don´t think we have really seen why yet 1 Quote Link to comment Share on other sites More sharing options...
Heart_fan Posted June 21, 2014 Report Share Posted June 21, 2014 Having the Melbourne Storm owners on board gives the CFG buyout some local knowledge, along with the chance to cross-utilise admin and some sport science resources between each club. From what I have read it was the Melbourne Storm reps that actually got the momentum going for getting CFG on board, as it really will assist in broadening their reach into sport in this city. Once the Rugby and Football clubs can find ways to harness the supporter bases of each club to buy into a common connection, the real benefits may well start to flow, as occured over the past couple of years in Newcastle through the HSG ownership. It certainly helped to build crowds at Jets matches. Quote Link to comment Share on other sites More sharing options...
KautoStar1 Posted June 21, 2014 Author Report Share Posted June 21, 2014 You really didn't need to start a whole thread for one simple question that has ben answered many times. Piss off. If I'd seen the fucking answer previously I wouldn't have started a thread would i. And pull the bloody thread if it is so repulsive. Can't argue with swear words. You win. I've plenty left in the tank. Quote Link to comment Share on other sites More sharing options...
KautoStar1 Posted June 21, 2014 Author Report Share Posted June 21, 2014 Thanks ever so much for the helpful replies. Much appreciated. Quote Link to comment Share on other sites More sharing options...
Begbie Posted June 21, 2014 Report Share Posted June 21, 2014 I'm assuming it is actually Melbourne Storm that are 20% owners as NYCFC are also an 80/20 split between CFG and New York Yankees. Quote Link to comment Share on other sites More sharing options...
Tesla Posted June 21, 2014 Report Share Posted June 21, 2014 Someone pay the ASIC fee and we can find out Quote Link to comment Share on other sites More sharing options...
M13 Posted June 21, 2014 Report Share Posted June 21, 2014 As I look on the papers they claim it´s the owners of Storm.. makes sense really to avoid clubs owning each other, that´s why there´s holding companies Quote Link to comment Share on other sites More sharing options...
malloy Posted June 21, 2014 Report Share Posted June 21, 2014 (edited) Someone pay the ASIC fee and we can find out If you ask nicely the club (MHFC Holdings Pty Ltd, might provide it for free. Share register The share register is usually held at the company’s registered office and contains the name and address of each member, the number of shares held, share classes and the amount paid and unpaid on the shares. Anyone has a right to inspect a copy of a company’s share register. As a member, you may inspect the register free of charge. However, the company may charge other people to inspect the register. The inspection fee is set out in Sch 4 of the Corporations Regulations 2001 (Corporations Regulations).Anyone has a right to request a copy of a company’s share register. A company must provide a copy of the register to you within seven days of you requesting the copy. The maximum fee for supplying a copy of the register is set out in Sch 4 of the Corporations Regulations. When requesting a copy, you must provide your name, address and the purpose of your request. You cannot obtain a copy of a register for an improper purpose, such as: soliciting a donation from a member soliciting a member of a company as a stockbroker or sharebroker gathering information about the personal wealth of a member, or making an unsolicited offer to purchase financial products such as shares or units off-market if the company keeps the register on a computer, the company must provide the copy in the format set out in Part 2C.1 of the Corporations Regulations. Edited June 21, 2014 by malloy Quote Link to comment Share on other sites More sharing options...
Tesla Posted June 21, 2014 Report Share Posted June 21, 2014 I'd rather just pay the fee than go to that effort (isn't it only like $20?), that's if I cared enough to do either, which I don't.I'm pretty sure it is the owners of Storm as part of a holding company, similar to what M13 suggest. Quote Link to comment Share on other sites More sharing options...
M13 Posted June 21, 2014 Report Share Posted June 21, 2014 I´ve checked all the original statements and they all mention the Storm ownership group, not Storm per se.. Funnily one statement mentions that it will benefit Storm "as the capabilities at AAMI Park will be developed".. Quote Link to comment Share on other sites More sharing options...
imonyarraside Posted June 22, 2014 Report Share Posted June 22, 2014 With the Storm link is there any chance we will be sponsored by Crown? Quote Link to comment Share on other sites More sharing options...
SF33 Posted June 24, 2014 Report Share Posted June 24, 2014 Even without factoring in the doors that will be opened for Campbell by being affiliated with CFG, considering the previous ownership broke even with the sale, when the team has been pretty much rubbish for its entire existence, I guess they figured it would be money for jam, if and when they do decide to sell their stake. Quote Link to comment Share on other sites More sharing options...
M13 Posted June 24, 2014 Report Share Posted June 24, 2014 Just to give an example of what kind of doors that can be opened..http://www.manchestereveningnews.co.uk/business/manchester-city-etihad-stadium-adug-7313788 Quote Link to comment Share on other sites More sharing options...
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