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SBD Global/May 2, 2013/Franchises

A-League Club Melbourne Heart Rejects Takeover Bid By Local Rival

A-League side Melbourne Heart's owners "have no interest in selling the club," after it was revealed that former National Soccer League club South Melbourne Tuesday "submitted a bid to take over the A-League outfit," according to David Davutovic of the HERALD SUN. South Melbourne, which currently competes in the Victorian Premier League, submitted a bid in the early afternoon "but was swiftly rejected by the A-League club." It is "the second time an offer has been submitted by South" -- which was also in recent discussions with cash-strapped Central Coast Mariners -- and "was a combination of cash and shares and included relocation to Lakeside Stadium, a facility it currently shares with Athletics Victoria." Heart CEO Scott Munn confirmed "the offer and revealed that two offers from overseas investors had also been received in recent months but the club's owners weren't interested in selling a controlling stake." Munn said, "We've made it very clear we have no interest in taking their offer any further" (HERALD SUN, 5/1).
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