Some interesting details on the Four Four Two forums:
http://au.fourfourtwo.com/forums/default.aspx?g=po...
| Benjamin | Moderator |
The real point of interest out of all of this is that the FFA is allowing a non-existent group to retain legal ownership of one of their franchises. Furthermore, the franchise in question is known to be in financial difficulty. So the FFA are allowing a financially troubled franchise to be run by a non-existent owner... The question is... Why hasn't the entity been switched over the Charlesworth's ownership?
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| rbs |
![]() Hardcore Fan |
That's not the way that the ownership structure of the Mariners works.
The entity that currently holds the licence (Central Coast Mariners FC Pty Ltd) is majority owned - I think it's around 75% - by a company called Mariners FC Developments Pty Ltd, and has been since 2009. Mariners FC Developments was established by Peter Turnbull and Lyall Gorman to build the Centre of Excellence at Tuggerah.
The "change of ownership" that took place last year was that Mike Charlesworth - who was a 1/3 shareholder in Mariners FC Developments - bought out Turnbull and Gorman's shares in that company, giving him effective control of the Mariners.
According to the letter of variation released by the PFA yesterday, the licence was supposed to transfer to a new company - CC Mariners Pty Ltd - that was 100% owned by Charlesworth, yet for reasons that have yet to be disclosed by the FFA or the Mariners it never did. Based on the "principal place of business" information from ASIC, this company has never carried out any of the operations of the club, and probably never will.
So throughout the whole process from October 2013 the licence has been in effective control of Mike Charlesworth.
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| Benjamin | Moderator |
I don't see anything in what you say that changes what I said. Mariners were owned by "A", players asked to sign contracts with "B", "A" still officially owns the Mariners... This is where the confusion comes from.
| rbs |
![]() Hardcore Fan |
Besides, the players were reported asked to subsequently sign a letter noting that the licence had never transferred.
In McGlinchey's case his contract remained with "A", which held the licence the entire time. In fact, "A" would have been the entity that was party to McGlinchey's loan deal with Vegalta Sendai (since he signed it after the purported change in licence)... so McGlinchey's agent surely should have been aware that "A" was still in control.
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| Benjamin | Moderator |
If the FFA made it known that the take-over hadn't gone through, and if McGlinchy/PFA was advised that the players had been told the change didn't go through, then the PFA don't have a leg to stand on... It all adds to the basic statement that nobody appears to have known exactly what was going on.
And with regard to the 'completely wrong' statement - why were players made to sign contracts with another organisation if that organisation wasn't taking over the franchise? (That's a genuine question rather than me trying to be wriggle out).
At the end of the day - players should sign contracts with the football 'club' itself, then it doesn't matter what happens with ownership.



"Phoenix till they lose"