I also find it hard to see how this 'subsidising' argument holds water. I could give it a bit of credence if the A League was this cash cow and all of the owners were making money out of it - but they are not. The reality here is that a group of NZ owners are subsidising the A League by running a club and participating in a competition that is losing them money. If the EPL used a similar argument to FFA, then they would be throwing out every club in foreign ownership because they would be taking away money that should go to English people.
I also find it hard to see how this 'subsidising' argument holds water. I could give it a bit of credence if the A League was this cash cow and all of the owners were making money out of it - but they are not. The reality here is that a group of NZ owners are subsidising the A League by running a club and participating in a competition that is losing them money. If the EPL used a similar argument to FFA, then they would be throwing out every club in foreign ownership because they would be taking away money that should go to English people.