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Mariners Financial Crisis in the Daily Tele
- Thread starter cbowden9000
- Start date
MrCelery
Well-Known Member
Russians on way to rescue Mariners
BY: RAY GATT From: The Australian February 09, 2012 12:00AM
FINANCIALLY embattled Central Coast Mariners could be the latest club to surrender to overseas ownership, with a Russian consortium expected to agree to a deal as early as tomorrow.
The Australian understands representatives of the group, which has ties to well known Russian club Spartak Moscow, are due in Sydney tomorrow to go through the final details of a takeover, which will provide a much-needed lifeline to the ailing Mariners.
It is understood Football Federation Australia has met several times with the Russians, most recently last week, and the head body remains cautiously optimistic the deal will finally get over the line after five months of high-powered talks, due diligence and negotiations.
"The Russians appear keen," an FFA insider said. "The meetings have been quite positive. There is genuine hope of a good outcome sooner rather than later."
If the takeover is successful, the Mariners will become the second A-League club to be fully owned by an overseas consortium. Brisbane Roar this week completed the final paperwork for the Indonesians, the Bakrie Group, to take 100 per cent ownership of the Queenslanders.
The Mariners deal can not come quickly enough for the runaway competition leaders.
Despite the best intentions of its owners, which include chairman and property developer Peter Turnbull, Central Coast has struggled to keep its head above water this season.
The club reportedly owes 12 months in superannuation payments, owes the taxation department more than $1 million and has been late with player payments. In a situation closely monitored by Professional Footballers Australia, four players agreed to play against Sydney FC in a match last November despite being eight days behind in their wages.
Since then, it has been a battle to come up with the wages for the squad, coaches and management. The club even sold striker Matt Simon for $170,000 to Korean club Chunnam Dragons late last year, with the money helping to pay the players.
Still, it is understood coach Graham Arnold is owed a considerable amount of money -- a situation which is likely to see him accept a huge offer to sign with Sydney FC for next season.
Arnold has firmed from $13 to $2.75 with Sportsbet to replace Vitezslav Lavicka, who announced last week he was stepping down from the Sky Blues' job at the end of the season.
Given the circumstances, Arnold has performed a minor miracle to have the Mariners at the top of the table and heading for their first minor premiership.
The former Socceroos coach, more than anyone, has been the glue that has kept the players together and focused on the season. Any other group bar the Mariners would have already self-destructed under the weight of the problems the club has been forced to endure.
Quite apart from the uncertainty surrounding the future of the club, Arnold and the players have also had to cope with inadequate training facilities, as well lack of funds to pay for even the most basic of requirements such as requests to help with player bonding sessions.
Whether the likely influx of Russian money will be enough to keep Arnold, who has a strong bond with his players, remains to be seen.
BY: RAY GATT From: The Australian February 09, 2012 12:00AM
FINANCIALLY embattled Central Coast Mariners could be the latest club to surrender to overseas ownership, with a Russian consortium expected to agree to a deal as early as tomorrow.
The Australian understands representatives of the group, which has ties to well known Russian club Spartak Moscow, are due in Sydney tomorrow to go through the final details of a takeover, which will provide a much-needed lifeline to the ailing Mariners.
It is understood Football Federation Australia has met several times with the Russians, most recently last week, and the head body remains cautiously optimistic the deal will finally get over the line after five months of high-powered talks, due diligence and negotiations.
"The Russians appear keen," an FFA insider said. "The meetings have been quite positive. There is genuine hope of a good outcome sooner rather than later."
If the takeover is successful, the Mariners will become the second A-League club to be fully owned by an overseas consortium. Brisbane Roar this week completed the final paperwork for the Indonesians, the Bakrie Group, to take 100 per cent ownership of the Queenslanders.
The Mariners deal can not come quickly enough for the runaway competition leaders.
Despite the best intentions of its owners, which include chairman and property developer Peter Turnbull, Central Coast has struggled to keep its head above water this season.
The club reportedly owes 12 months in superannuation payments, owes the taxation department more than $1 million and has been late with player payments. In a situation closely monitored by Professional Footballers Australia, four players agreed to play against Sydney FC in a match last November despite being eight days behind in their wages.
Since then, it has been a battle to come up with the wages for the squad, coaches and management. The club even sold striker Matt Simon for $170,000 to Korean club Chunnam Dragons late last year, with the money helping to pay the players.
Still, it is understood coach Graham Arnold is owed a considerable amount of money -- a situation which is likely to see him accept a huge offer to sign with Sydney FC for next season.
Arnold has firmed from $13 to $2.75 with Sportsbet to replace Vitezslav Lavicka, who announced last week he was stepping down from the Sky Blues' job at the end of the season.
Given the circumstances, Arnold has performed a minor miracle to have the Mariners at the top of the table and heading for their first minor premiership.
The former Socceroos coach, more than anyone, has been the glue that has kept the players together and focused on the season. Any other group bar the Mariners would have already self-destructed under the weight of the problems the club has been forced to endure.
Quite apart from the uncertainty surrounding the future of the club, Arnold and the players have also had to cope with inadequate training facilities, as well lack of funds to pay for even the most basic of requirements such as requests to help with player bonding sessions.
Whether the likely influx of Russian money will be enough to keep Arnold, who has a strong bond with his players, remains to be seen.
pjennings
Well-Known Member
Article from Ray Gatt
http://www.theaustralian.com.au/news/sport/russians-on-way-to-rescue-mariners/story-fn63e0vj-1226266118267
Russians on way to rescue Mariners by: Ray Gatt From: The Australian February 09, 2012 12:00AM
Embattled Central Coast Mariners could be the latest club to surrender to overseas ownership, with a Russian consortium expected to agree to a deal as early as tomorrow.
The Australian understands representatives of the group, which has ties to well known Russian club Spartak Moscow, are due in Sydney tomorrow to go through the final details of a takeover, which will provide a much-needed lifeline to the ailing Mariners.
It is understood Football Federation Australia has met several times with the Russians, most recently last week, and the head body remains cautiously optimistic the deal will finally get over the line after five months of high-powered talks, due diligence and negotiations.
"The Russians appear keen," an FFA insider said. "The meetings have been quite positive. There is genuine hope of a good outcome sooner rather than later."
...If the takeover is successful, the Mariners will become the second A-League club to be fully owned by an overseas consortium. Brisbane Roar this week completed the final paperwork for the Indonesians, the Bakrie Group, to take 100 per cent ownership of the Queenslanders.
The Mariners deal can not come quickly enough for the runaway competition leaders.
Despite the best intentions of its owners, which include chairman and property developer Peter Turnbull, Central Coast has struggled to keep its head above water this season.
The club reportedly owes 12 months in superannuation payments, owes the taxation department more than $1 million and has been late with player payments. In a situation closely monitored by Professional Footballers Australia, four players agreed to play against Sydney FC in a match last November despite being eight days behind in their wages.
Since then, it has been a battle to come up with the wages for the squad, coaches and management. The club even sold striker Matt Simon for $170,000 to Korean club Chunnam Dragons late last year, with the money helping to pay the players.
Still, it is understood coach Graham Arnold is owed a considerable amount of money -- a situation which is likely to see him accept a huge offer to sign with Sydney FC for next season.
Arnold has firmed from $13 to $2.75 with Sportsbet to replace Vitezslav Lavicka, who announced last week he was stepping down from the Sky Blues' job at the end of the season.
Given the circumstances, Arnold has performed a minor miracle to have the Mariners at the top of the table and heading for their first minor premiership.
The former Socceroos coach, more than anyone, has been the glue that has kept the players together and focused on the season. Any other group bar the Mariners would have already self-destructed under the weight of the problems the club has been forced to endure.
Quite apart from the uncertainty surrounding the future of the club, Arnold and the players have also had to cope with inadequate training facilities, as well lack of funds to pay for even the most basic of requirements such as requests to help with player bonding sessions.
Whether the likely influx of Russian money will be enough to keep Arnold, who has a strong bond with his players, remains to be seen.
lSydney's 5-2 loss to Newcastle Jets last Sunday has failed to dim the loyalty of the fans, with the club reporting its third-highest day of ticket sales on Tuesday for Saturday's match against in-form Perth Glory at the Sydney Football Stadium.
http://www.theaustralian.com.au/news/sport/russians-on-way-to-rescue-mariners/story-fn63e0vj-1226266118267
Russians on way to rescue Mariners by: Ray Gatt From: The Australian February 09, 2012 12:00AM
Embattled Central Coast Mariners could be the latest club to surrender to overseas ownership, with a Russian consortium expected to agree to a deal as early as tomorrow.
The Australian understands representatives of the group, which has ties to well known Russian club Spartak Moscow, are due in Sydney tomorrow to go through the final details of a takeover, which will provide a much-needed lifeline to the ailing Mariners.
It is understood Football Federation Australia has met several times with the Russians, most recently last week, and the head body remains cautiously optimistic the deal will finally get over the line after five months of high-powered talks, due diligence and negotiations.
"The Russians appear keen," an FFA insider said. "The meetings have been quite positive. There is genuine hope of a good outcome sooner rather than later."
...If the takeover is successful, the Mariners will become the second A-League club to be fully owned by an overseas consortium. Brisbane Roar this week completed the final paperwork for the Indonesians, the Bakrie Group, to take 100 per cent ownership of the Queenslanders.
The Mariners deal can not come quickly enough for the runaway competition leaders.
Despite the best intentions of its owners, which include chairman and property developer Peter Turnbull, Central Coast has struggled to keep its head above water this season.
The club reportedly owes 12 months in superannuation payments, owes the taxation department more than $1 million and has been late with player payments. In a situation closely monitored by Professional Footballers Australia, four players agreed to play against Sydney FC in a match last November despite being eight days behind in their wages.
Since then, it has been a battle to come up with the wages for the squad, coaches and management. The club even sold striker Matt Simon for $170,000 to Korean club Chunnam Dragons late last year, with the money helping to pay the players.
Still, it is understood coach Graham Arnold is owed a considerable amount of money -- a situation which is likely to see him accept a huge offer to sign with Sydney FC for next season.
Arnold has firmed from $13 to $2.75 with Sportsbet to replace Vitezslav Lavicka, who announced last week he was stepping down from the Sky Blues' job at the end of the season.
Given the circumstances, Arnold has performed a minor miracle to have the Mariners at the top of the table and heading for their first minor premiership.
The former Socceroos coach, more than anyone, has been the glue that has kept the players together and focused on the season. Any other group bar the Mariners would have already self-destructed under the weight of the problems the club has been forced to endure.
Quite apart from the uncertainty surrounding the future of the club, Arnold and the players have also had to cope with inadequate training facilities, as well lack of funds to pay for even the most basic of requirements such as requests to help with player bonding sessions.
Whether the likely influx of Russian money will be enough to keep Arnold, who has a strong bond with his players, remains to be seen.
lSydney's 5-2 loss to Newcastle Jets last Sunday has failed to dim the loyalty of the fans, with the club reporting its third-highest day of ticket sales on Tuesday for Saturday's match against in-form Perth Glory at the Sydney Football Stadium.
midfielder
Well-Known Member
Hope we don't loose Arnie... I still wonder about the COE in all this... hopefully tomorrow some answers will come...
Roy Law
Well-Known Member
Ray Gatt is usually good on his information; we need the cash to survive but I am worried at how a Russian consortium can be in touch with the local community. Right now solving very serious short term problems will take precedence over any long term concerns. I hope Turnbull stays but I wouldn't bet on it (although he is bound to be involved in the CoE) and in particular I hope he has laid it out that they must move heaven and earth and lock Arnie in. In an interview recently John Hutchinson said his impression from training and talking with Arnie was that he thought Arnie would stay the full term of his contract - I certainly get the impression with the players being signed uo to new contracts that Arnie is committed to them.
Roy Law
Well-Known Member
Lawrie, out of sight, out of mind - that's the way they do business in Russia isn't it?
Forum Phoenix
Well-Known Member
GREAT news. Though I really hope Arnie stays away form that vicious rats nest down the highway though. That club could kill help his short term bank account. But KILL his career,
Nathan Byrn
Well-Known Member
The Russians are dealing with the FFA.....
true believer
Well-Known Member
hunt for red october meets the yellow submarine,,,,ooh my
Nathan Byrn
Well-Known Member
I believe it is.
scottmac
Suspended
I'm sure that will please some but I hope for his sake the exit is dignified if it does happen that way.
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