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NRL's Storm sold to consortium:

NRL club Melbourne has been sold by News Limited to a private consortium gathered by New Zealand entrepreneur Bart Campbell.
NRL's Storm sold to consortium:
by AAP

SYDNEY, May 21 AAP - NRL club Melbourne has been sold by News Limited to a private consortium gathered by New Zealand entrepreneur Bart Campbell.

The club's sale on Monday night was announced by departing chief executive Ron Gauci at a media conference at Melbourne's AAMI Park on Tuesday.

It's the end of an era for the Melbourne Storm, who have only ever been owned by News Ltd since entering the premiership in 1998 and the sale means the Brisbane Broncos are now the sole remaining NRL asset of the company which once ran the competition.

News Ltd's ownership has yielded two NRL premierships including last year's but also saw the salary cap scandal which cost the club the 2007 and 2009 titles.

Gauci said England-based Campbell, a former barrister in the New Zealand High Court, is the primary shareholder and the other shareholders would be announced at a funtion in Melbourne in two weeks time as some were currently overseas.

He would not comment on a report that prominent Melbourne businessman Gerry Ryan was one of them.

Campbell is non-executive chairman of international sports management and sports marketing company TLA Worldwide.

Mark Evans, the former chief executive of English rugby club Harlequins, takes over as Storm CEO from Gauci.


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