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History for coochiee

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Posted December 13, 2021 22:51 · last edited December 13, 2021 23:13

theprof

https://www.stuff.co.nz/sport/football/a-league/300477316/wellington-phoenix-set-to-benefit-as-us-equity-firm-buys-140m-stake-in-aleagues

US money coming into the league $140m is significant too, hopefully it gets spent well.

A League has been stagnating (going backwards really) for years, and the loss of that Foxtel TV rights deal must be hurting the clubs.

Seems more pluses than minuses of selling a 33% stake for a $140M cash injection, if that money is used wisely to grow club football in Aus/NZ. And with the League now owned by the clubs (APL), the FFA can't get their hands on any of that cash ie prop up Socceroos or whoever with A League income/cash.

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Unknown editor edited December 13, 2021 23:13

theprof

A League has been stagnating for years, and the loss of that Foxtel TV rights deal must be hurting the clubs.

Seems more pluses than minuses of selling a 33% stake for a $140M cash injection, if that money is used wisely to grow club football in Aus/NZ. And with the League now owned by the clubs (APL), the FFA can't get their hands on any of that cash ie prop up Socceroos or whoever with A League income/cash.

Unknown editor edited December 13, 2021 22:52

theprof

A League has been stagnating for years, and loss of that Foxtel TV rights deal must be hurting the clubs.

Seems more pluses than minuses of selling a 33% stake for a $140M cash injection, if that money is used wisely to grow club football in Aus/NZ. And with the League now owned by the clubs (APL), the FFA can't get their hands on any of that cash ie prop up Socceroos or whoever with A League income/cash.