FFA stake in CCM

[EastEnder]

Is this correct? Thought I read it today in paper.

Why would this be, I thought that c**t from Sheffield was splashing the cash.

 

[Tassiemariner]

Pretty sure FFA owns a stake in every club and is still has the rights to each franchise?

Someone else will be able to explain it in more detail i'm sure.

 

[dibo]

The FFA certainly *did* at some point have a stake, but I wasn't aware that they continued to hold shares. It could either be out of date information (like the persistent claims about us being profitable - we were in season 3 but I doubt that's still the case) or simply something that isn't much talked about.

 

[Jesus]

The FFA certainly *did* at some point have a stake, but I wasn't aware that they continued to hold shares. It could either be out of date information (like the persistent claims about us being profitable - we were in season 3 but I doubt that's still the case) or simply something that isn't much talked about.

I think it is just out of date. Journos not checking sources just writing what they heard or think they remember

 

[FFC Mariner]

If my memory serves me right, the FFA took up an equity stake when we formed as we werent able to raise the entire amount(?)

Suspect that has been acquired by private investors now (happy to be corrected though)

 

[Tassiemariner]

I remember seeing a thread on here before which said who owned what % of CCM.

 

[EastEnder]

Here it is from SMH yesterday (Cockerill)

http://www.smh.com.au/news/sport/football/a-league/buckley-backs-club-owners-to-stick-solid-with-aleague/2009/11/19/1258219925390.html

"It is believed issues surrounding television revenue, marketing budgets and ground signage have all caused some angst among the owners, some of whom are facing their toughest year since since the competition kicked off in 2005. The FFA is investing in four clubs - Central Coast Mariners, North Queensland Fury, Brisbane Roar and Adelaide United - but remains hopeful of divesting its stake in the latter before Christmas."