A consortium backed by local and foreign investors has put forward a multimillion-dollar bid to Football Federation Australia for an A-League team in Canberra - potentially at the expense of the Central Coast Mariners.
"The market for licences is soft in Australia and we've got someone ready to invest. Why would you turn them away, especially right now?"Canberra's offer to join the A-League has landed on the desk of FFA boss James Johnson.Caggiano said he had been in discussions with both FFA chief executive James Johnson and Mariners owner Mike Charlesworth, who recently announced his intention to either sell off his majority stake in the club or hand his licence back.
"Every other A-League club would kill for that right now ... it makes us a break-even proposition from day one," Caggiano said. Caggiano said he had been given between four to six weeks to complete a deal or the investors would turn their attention away from Australia. He would not disclose the terms of the offer made to FFA but was confident it was one that could be accepted.
VinceRugari Hope CCM live on in the ALeague. It’s also good to see what appears to be widespread interest from investors to join, increasing chance of two more teams in 2022, and hopefully adding value/interest in TV rights. I reckon 14teams is good for about 5yrs before reassessing 👍
VinceRugari A senior Chinese official enlisted the help of a top Republican fundraising official to lobby the Trump administration in 2017 to return a Chinese businessman living in the U.S. who has long been sought by Beijing, according to a court document
VinceRugari Do it.
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