Melbourne Victory has been advised that an arms-length, private share sale agreement has been reached to sell a minority parcel of shares in the Club to several long-term investors.
The share acquisition by long-term, committed shareholders enhances financial stability at Melbourne Victory and avoids any ongoing uncertainty about the share register or governance arrangements at the Club.
After considering all expressions of interest, the sellers decided to sell their full 35 per cent interest in Melbourne Victory to several long-term shareholders who have taken the opportunity to reinforce their ongoing commitment to the Club.
The successful completion of the share sale allows the sellers to fully exit their ownership position at Melbourne Victory and meet their personal objectives without any further uncertainty.
Melbourne Victory has been encouraged by expressions of support during the share sale process and will consider any opportunities that may arise to involve members in the future success of the Club.
Melbourne Victory continues to build on its successful start to the current football season and remains focused on becoming the best football Club in Australia.