Brighton & Hove Albion owner Tony Bloom has reached an agreement to acquire an initial 19.1% stake in Melbourne Victory, with an ability to increase his ownership over time, the Australian A-League side said on Thursday.

Brighton & Hove Albion owner Tony Bloom has added a minority stake in Australian club Melbourne Victory to his footballing portfolio, purchasing 19.1% of the A-League outfit.

Brighton chairman Tony Bloom has bought a 19.1 percent stake in Melbourne Victory with the option to increase his ownership over time, the Australian club said Thursday.Melbourne Victory have won the A-League four times,

Brighton owner Tony Bloom has bought a 19.1% stake in Australian A-League club Melbourne Victory. The deal allows the Seagulls chairman to increase his ownership over time. Bloom is already an investor in Belgian Pro League club Union Saint-Gilloise and has an involvement with Scottish Premiership club Hearts.

Melbourne Victory has had a significant investment from a Premier League owner as the club moves on from past owners 777.