Adelaide United New Owners Imminent
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Thanks to Dasher39 from the Victory forum for this:
http://www.adelaidenow.com.au/sport/young-set-to-rescue-reds/story-e6frecj3-1225829574487
Young set to rescue Reds
Richard Earle
February 12, 2010 9:20AM
WHITE knight businessman Alan Young has moved to the brink of an historic agreement that would secure Adelaide United's future and restore the club licence to South Australian control.
Young's Adelaide United Business Consortium last night outlined their ownership blueprint to Football Federation Australia boss Ben Buckley and operations manager Archie Fraser in Sydney.
Young hailed the two-hour meeting "a stunning success" despite both parties driving tough negotiations over the mechanics of turning United from financial basket case to profitable football operation.
"We are very close to agreement," said Young, who was flanked in the Harbour City by key members of his 20-strong consortium.
"We have had a round of talks that were extremely positive.
"I feel as though we both know where the other is coming from."
Young's consortium plans to invest several million dollars in United. Moreover they remain determined to ensure recurrent costs are serviced in a manner that allows the Reds to field a superior team and club product.
Any new owner will also appreciate assurances that FFA financial support and revenue from television rights will increase for the Reds to rise above the breadline.
Adelaide needs to increase revenue from home games, which is not possible by retaining Hindmarsh Stadium as a sole playing venue.
Young was elated by the level of progress made with FFA despite delivering a business model that was uncompromising in the long-term, financial interest of United.
There will be no stop-gap solutions for Adelaide United Mark III.
"Ben Buckley, Archie Fraser and their team are first-class. We got a very good reception," said Young, partner at stockbroking firm Baker Young and chairman of the Flinders Medical Centre Foundation.
"They had their team covering all areas.
"There's a little bit of work to do but there will be a decision very soon.
"I couldn't have been happier with the presentation of their position either.
"We understand each other entirely."
And the next time Young's team travels to Sydney for a meeting with Buckley he wants to return with the Reds' club licence.
"We both want what is best for Adelaide United and there is an in-principle belief that we can manage it in a more effective fashion," he said.
"We now share common ground with FFA who believe Adelaide United is best managed by a South Australia consortium."
Young wants to begin the take-over process as soon as possible but not at the expense of "rigorous criteria".
The positions of coach Aurelio Vidmar and the Reds' management must also be decided to provide stability at Hindmarsh.
http://www.adelaidenow.com.au/sport/revamped-reds-ready-to-set-agenda/story-e6frecj3-1225830771953
Revamped Reds ready to set agenda
Val Migliaccio
February 16, 2010 8:37AM
A POWERFUL advisory board, loaded with high-ranking soccer savvy, is destined to shape Adelaide United's future before the Alan Young consortium assumes full control of the Reds.
A-League chief Archie Fraser yesterday confirmed Young and his consortium, in conjunction with the Football Federation Australia, will soon make an announcement on the make-up of the new-age United panel.
The advisory board will hold different portfolios including administration, the football department, media, marketing, communications and youth academies.
"The likelihood in which we're heading is to have some kind of advisory board and some transition because it's probably better," Fraser said.
"The FFA would probably have involvement in the advisory group but that's where it's heading.
"There's no question that that group brings a local contribution and content to the table that we haven't had."
Fraser would not name any of the board candidates but said the Young consortium is currently putting all of its advisers in place.
However, the consortium would seek approval from the game's national governing body before officially announcing the members, Fraser said.
"They're all high-calibre people," he said. "So you know we're pretty comfortable with the names and the people suggested to us already.
"What we'll do is also put a couple of people on that board as well just to what we think can add value also.
"It's about doing it properly and making it a club that is really for all South Australians."
Fraser also suggested that Adelaide could shift some of its earmarked blockbuster matches to Adelaide Oval but believed Hindmarsh Stadium should not be ruled out of the equation. "I think there should be a mixture of games, we've seen 20,000-plus fans turn up at Adelaide Oval," he said.
"But we're still working through, we have an existing agreement at Hindmarsh but we haven't had the agreement sorted out.
"But we won't really be pushing until the ownership is sorted out.
"That board would be driving or suggesting what that mix would be.
"We certainly don't want to take games there (Adelaide Oval) that attract 10,000 people.
However, Fraser discounted shifting the A-League's fixtures calendar after Adelaide became the second consecutive Australian club behind Newcastle Jets to enter the Champions League as cellar-dwellers.
Fraser said running the championship similar to the J-League where the season starts early in the year before culminating with the Emperor's Cup final in December was not in the FFA's thoughts.
"No, no chance," he said.
"I think we've got a very strong foothold in the window that we play in.
"Certainly stadiums become a challenge, we might do some things outside of the window in the future but as it stands we're not going to tinker with that because we're up 30 per cent in terms of people coming through the gates."
diego's son2010-02-17 21:24:28
http://www.adelaidenow.com.au/sport/young-set-to-rescue-reds/story-e6frecj3-1225829574487
Young set to rescue Reds
Richard Earle
February 12, 2010 9:20AM
WHITE knight businessman Alan Young has moved to the brink of an historic agreement that would secure Adelaide United's future and restore the club licence to South Australian control.
Young's Adelaide United Business Consortium last night outlined their ownership blueprint to Football Federation Australia boss Ben Buckley and operations manager Archie Fraser in Sydney.
Young hailed the two-hour meeting "a stunning success" despite both parties driving tough negotiations over the mechanics of turning United from financial basket case to profitable football operation.
"We are very close to agreement," said Young, who was flanked in the Harbour City by key members of his 20-strong consortium.
"We have had a round of talks that were extremely positive.
"I feel as though we both know where the other is coming from."
Young's consortium plans to invest several million dollars in United. Moreover they remain determined to ensure recurrent costs are serviced in a manner that allows the Reds to field a superior team and club product.
Any new owner will also appreciate assurances that FFA financial support and revenue from television rights will increase for the Reds to rise above the breadline.
Adelaide needs to increase revenue from home games, which is not possible by retaining Hindmarsh Stadium as a sole playing venue.
Young was elated by the level of progress made with FFA despite delivering a business model that was uncompromising in the long-term, financial interest of United.
There will be no stop-gap solutions for Adelaide United Mark III.
"Ben Buckley, Archie Fraser and their team are first-class. We got a very good reception," said Young, partner at stockbroking firm Baker Young and chairman of the Flinders Medical Centre Foundation.
"They had their team covering all areas.
"There's a little bit of work to do but there will be a decision very soon.
"I couldn't have been happier with the presentation of their position either.
"We understand each other entirely."
And the next time Young's team travels to Sydney for a meeting with Buckley he wants to return with the Reds' club licence.
"We both want what is best for Adelaide United and there is an in-principle belief that we can manage it in a more effective fashion," he said.
"We now share common ground with FFA who believe Adelaide United is best managed by a South Australia consortium."
Young wants to begin the take-over process as soon as possible but not at the expense of "rigorous criteria".
The positions of coach Aurelio Vidmar and the Reds' management must also be decided to provide stability at Hindmarsh.
http://www.adelaidenow.com.au/sport/revamped-reds-ready-to-set-agenda/story-e6frecj3-1225830771953
Revamped Reds ready to set agenda
Val Migliaccio
February 16, 2010 8:37AM
A POWERFUL advisory board, loaded with high-ranking soccer savvy, is destined to shape Adelaide United's future before the Alan Young consortium assumes full control of the Reds.
A-League chief Archie Fraser yesterday confirmed Young and his consortium, in conjunction with the Football Federation Australia, will soon make an announcement on the make-up of the new-age United panel.
The advisory board will hold different portfolios including administration, the football department, media, marketing, communications and youth academies.
"The likelihood in which we're heading is to have some kind of advisory board and some transition because it's probably better," Fraser said.
"The FFA would probably have involvement in the advisory group but that's where it's heading.
"There's no question that that group brings a local contribution and content to the table that we haven't had."
Fraser would not name any of the board candidates but said the Young consortium is currently putting all of its advisers in place.
However, the consortium would seek approval from the game's national governing body before officially announcing the members, Fraser said.
"They're all high-calibre people," he said. "So you know we're pretty comfortable with the names and the people suggested to us already.
"What we'll do is also put a couple of people on that board as well just to what we think can add value also.
"It's about doing it properly and making it a club that is really for all South Australians."
Fraser also suggested that Adelaide could shift some of its earmarked blockbuster matches to Adelaide Oval but believed Hindmarsh Stadium should not be ruled out of the equation. "I think there should be a mixture of games, we've seen 20,000-plus fans turn up at Adelaide Oval," he said.
"But we're still working through, we have an existing agreement at Hindmarsh but we haven't had the agreement sorted out.
"But we won't really be pushing until the ownership is sorted out.
"That board would be driving or suggesting what that mix would be.
"We certainly don't want to take games there (Adelaide Oval) that attract 10,000 people.
However, Fraser discounted shifting the A-League's fixtures calendar after Adelaide became the second consecutive Australian club behind Newcastle Jets to enter the Champions League as cellar-dwellers.
Fraser said running the championship similar to the J-League where the season starts early in the year before culminating with the Emperor's Cup final in December was not in the FFA's thoughts.
"No, no chance," he said.
"I think we've got a very strong foothold in the window that we play in.
"Certainly stadiums become a challenge, we might do some things outside of the window in the future but as it stands we're not going to tinker with that because we're up 30 per cent in terms of people coming through the gates."
diego's son2010-02-17 21:24:28
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