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Auckland Pride - Make Auckland Great Again

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Posted October 16, 2024 05:04 · last edited October 16, 2024 05:23

Parking aside the Foley changing his mind and backing Trump again - another American (owns LAFC) has bought into Auckland FC. Mayba a future pathway into the MLS for any Auckland players good enough??

And they hope to be operating break even wise by 2027. I guess that excludes any multi million dollar investment into a new stadium

https://www.nzherald.co.nz/sport/football/auckland-fc/bill-foley-backs-donald-trump-again-while-investing-in-auckland-fcs-future/TT7SCAH7XFHV7DO5HPJ64KREVQ/

Foley also told AAP that Los Angeles FC owner Bennett Rosenthal had come on board, leaving him with about a 70% stake.

“I’ll always be owning more than 50% of the team. We don’t have any plans to sell down anymore at this time,” he said.

“I stood behind the entire investment and I did want to bring in local investors. I’m proud of the group that has been put together.’’

The club is in an investment phase, building training facilities at North Harbour Stadium, including gym spaces and a player lounge, and will welcome a women’s team next year.

It will play matches at Mt Smart Stadium in southern Auckland, but is investigating a new stadium closer to the CBD.

Auckland FC was hit by falling club distributions from the A-League, which collapsed from more than $2 million last season to roughly $500,000.

Foley said he wasn’t aware of the shortfall when he bought in, but owing to a strong commercial buy-in led by chief executive Nick Becker, it wouldn’t affect the club’s financial targets.

Previously, Foley said the club would lose about $5m in year one but start to make money about 2027.

“We over-funded so we raised more money than we really needed. And I’m glad we did now because we’re going to be short on the distributions from the A-League,” he said.

“We’re kind of on track to ... be profitable or break even by year three.

“Nick has done a really good job on the commercial side in terms of sponsorship and ticketing revenue.”

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Unknown editor edited October 16, 2024 05:23

Parking aside the Foley changing his mind and backing Trump again - another American has bought into Auckland FC. Mayba a future pathway into the MLS for any Auckland players good enough??

And they hope to be operating break even wise by 2027. I guess that excludes any multi million dollar investment into a new stadium

https://www.nzherald.co.nz/sport/football/auckland-fc/bill-foley-backs-donald-trump-again-while-investing-in-auckland-fcs-future/TT7SCAH7XFHV7DO5HPJ64KREVQ/

Foley also told AAP that Los Angeles FC owner Bennett Rosenthal had come on board, leaving him with about a 70% stake.

“I’ll always be owning more than 50% of the team. We don’t have any plans to sell down anymore at this time,” he said.

“I stood behind the entire investment and I did want to bring in local investors. I’m proud of the group that has been put together.’’

The club is in an investment phase, building training facilities at North Harbour Stadium, including gym spaces and a player lounge, and will welcome a women’s team next year.

It will play matches at Mt Smart Stadium in southern Auckland, but is investigating a new stadium closer to the CBD.

Auckland FC was hit by falling club distributions from the A-League, which collapsed from more than $2 million last season to roughly $500,000.

Foley said he wasn’t aware of the shortfall when he bought in, but owing to a strong commercial buy-in led by chief executive Nick Becker, it wouldn’t affect the club’s financial targets.

Previously, Foley said the club would lose about $5m in year one but start to make money about 2027.

“We over-funded so we raised more money than we really needed. And I’m glad we did now because we’re going to be short on the distributions from the A-League,” he said.

“We’re kind of on track to ... be profitable or break even by year three.

“Nick has done a really good job on the commercial side in terms of sponsorship and ticketing revenue.”

Unknown editor edited October 16, 2024 05:23

Parking aside the Foley changing his mind and backing Trump again - another American has bought into Auckland FC.

And they hope to be operating break even wise by 2027. I guess that excludes any multi million dollar investment into a new stadium

https://www.nzherald.co.nz/sport/football/auckland-fc/bill-foley-backs-donald-trump-again-while-investing-in-auckland-fcs-future/TT7SCAH7XFHV7DO5HPJ64KREVQ/

Foley also told AAP that Los Angeles FC owner Bennett Rosenthal had come on board, leaving him with about a 70% stake.

“I’ll always be owning more than 50% of the team. We don’t have any plans to sell down anymore at this time,” he said.

“I stood behind the entire investment and I did want to bring in local investors. I’m proud of the group that has been put together.’’

The club is in an investment phase, building training facilities at North Harbour Stadium, including gym spaces and a player lounge, and will welcome a women’s team next year.

It will play matches at Mt Smart Stadium in southern Auckland, but is investigating a new stadium closer to the CBD.

Auckland FC was hit by falling club distributions from the A-League, which collapsed from more than $2 million last season to roughly $500,000.

Foley said he wasn’t aware of the shortfall when he bought in, but owing to a strong commercial buy-in led by chief executive Nick Becker, it wouldn’t affect the club’s financial targets.

Previously, Foley said the club would lose about $5m in year one but start to make money about 2027.

“We over-funded so we raised more money than we really needed. And I’m glad we did now because we’re going to be short on the distributions from the A-League,” he said.

“We’re kind of on track to ... be profitable or break even by year three.

“Nick has done a really good job on the commercial side in terms of sponsorship and ticketing revenue.”

Unknown editor edited October 16, 2024 05:07

Partking aside the Foley changing his mind and backing Trump again - another American has bought into Auckland FC.

https://www.nzherald.co.nz/sport/football/auckland-fc/bill-foley-backs-donald-trump-again-while-investing-in-auckland-fcs-future/TT7SCAH7XFHV7DO5HPJ64KREVQ/

Foley also told AAP that Los Angeles FC owner Bennett Rosenthal had come on board, leaving him with about a 70% stake.

“I’ll always be owning more than 50% of the team. We don’t have any plans to sell down anymore at this time,” he said.

“I stood behind the entire investment and I did want to bring in local investors. I’m proud of the group that has been put together.’’

The club is in an investment phase, building training facilities at North Harbour Stadium, including gym spaces and a player lounge, and will welcome a women’s team next year.

It will play matches at Mt Smart Stadium in southern Auckland, but is investigating a new stadium closer to the CBD.

Auckland FC was hit by falling club distributions from the A-League, which collapsed from more than $2 million last season to roughly $500,000.

Foley said he wasn’t aware of the shortfall when he bought in, but owing to a strong commercial buy-in led by chief executive Nick Becker, it wouldn’t affect the club’s financial targets.

Previously, Foley said the club would lose about $5m in year one but start to make money about 2027.

“We over-funded so we raised more money than we really needed. And I’m glad we did now because we’re going to be short on the distributions from the A-League,” he said.

“We’re kind of on track to ... be profitable or break even by year three.

“Nick has done a really good job on the commercial side in terms of sponsorship and ticketing revenue.”