marinersman
Well-Known Member
It seems like it's just about all systems go for GC and NQ.
http://www.smh.com.au/news/a-league/aleague-expansion-assured-as-tycoon-agrees-to-fund-gold-coast/2008/05/29/1211654220833.html
A-League expansion assured as tycoon agrees to fund Gold Coast
Michael Cockerill
May 30, 2008
AS RIVAL codes fret about contraction, the A-League's expansion plans have received another major boost with the richest man in Queensland, mining magnate Clive Palmer, ready to bankroll the Gold Coast Galaxy.
Palmer, who was brought up on the Gold Coast and still lives there despite his business interests being focused in the Pilbara, has stepped into the breach to replace the previous backers of the Galaxy, a group of local property developers. On the same day he was named the richest man in the state by BRW - with an estimated personal wealth of $1.5 billion - Palmer committed to funding the Galaxy, and is expected to take 100 per cent control of the club.
Football Federation Australia's board is due to meet on Tuesday to decide whether to admit both the Gold Coast and North Queensland to next year's competition, and with Palmer's backing now assured, there is no doubt the Galaxy will be included.
Palmer made his first public appearance as the Galaxy's new owner when the Gold Coast Elect played Queensland Roar in a trial game at Burleigh Heads last night.
North Queensland have also changed ownership since their bid to join the A-League this year was rejected, meaning a 10-team competition starting next year is virtually assured.
While Palmer has had no previous association with football, it's believed his interest stems from the game's growing relationship with Asia, in particular China. Palmer's new-found commitment to the game reflects the A-League's growing corporate appeal, especially to the mega-rich.
Frank Lowy, the second-richest man in Australia, owns Sydney FC, while a Wollongong bid to join the competition next year is set to be funded by another billionaire, WIN Corporation owner Bruce Gordon. Unlike rival codes, all existing A-League clubs are privately owned.
http://www.smh.com.au/news/a-league/aleague-expansion-assured-as-tycoon-agrees-to-fund-gold-coast/2008/05/29/1211654220833.html
A-League expansion assured as tycoon agrees to fund Gold Coast
Michael Cockerill
May 30, 2008
AS RIVAL codes fret about contraction, the A-League's expansion plans have received another major boost with the richest man in Queensland, mining magnate Clive Palmer, ready to bankroll the Gold Coast Galaxy.
Palmer, who was brought up on the Gold Coast and still lives there despite his business interests being focused in the Pilbara, has stepped into the breach to replace the previous backers of the Galaxy, a group of local property developers. On the same day he was named the richest man in the state by BRW - with an estimated personal wealth of $1.5 billion - Palmer committed to funding the Galaxy, and is expected to take 100 per cent control of the club.
Football Federation Australia's board is due to meet on Tuesday to decide whether to admit both the Gold Coast and North Queensland to next year's competition, and with Palmer's backing now assured, there is no doubt the Galaxy will be included.
Palmer made his first public appearance as the Galaxy's new owner when the Gold Coast Elect played Queensland Roar in a trial game at Burleigh Heads last night.
North Queensland have also changed ownership since their bid to join the A-League this year was rejected, meaning a 10-team competition starting next year is virtually assured.
While Palmer has had no previous association with football, it's believed his interest stems from the game's growing relationship with Asia, in particular China. Palmer's new-found commitment to the game reflects the A-League's growing corporate appeal, especially to the mega-rich.
Frank Lowy, the second-richest man in Australia, owns Sydney FC, while a Wollongong bid to join the competition next year is set to be funded by another billionaire, WIN Corporation owner Bruce Gordon. Unlike rival codes, all existing A-League clubs are privately owned.