The City Football Group are now 100% owners of A-League club Melbourne City after buying out the remaining investors for $2.25 million.
The Australian Financial Review revealed that documents lodged with the Australian Securities and and Investments Commission last week confirm the City Football Group's complete ownership of the A-League club.
CFG previously had an 80% share in the club, but has paid up to secure the shares of minority owners Gerry Ryan, the owner of caravan group Jayco, Crownbet chief executive Matthew Tripp, sports entrepreneur Bart Campbell and New Zealand businessman Michael Witt.
The four men owned the remaining 20% of the club when the deal was struck with previous Melbourne Heart owners in January of 2014.
With CFG now owning 100% of the club, the option is now available for the consortium to truly shape and mold the club into how they see fit.
City will be looking to improve on their mid-table finish in 2014-15, with the likes of Ivan Franjic, Michael Zullo, Corey Gameiro and Aaron Hughes brought in to help push for a first A-League trophy.
In the meantime the club will face Edgeworth FC in the FFA Cup Round of 32 on Tuesday night.comments