dibo
Well-Known Member
[pedantic mode]Just taking the mickey mate. Unfortunately, we have to deal with the cards we're dealt. Tis a wee bit annoying though (mainly from the Mexicans and ironicallyESFC) complaining that we are funded by FFA.
It's still *Sydney* FC. Associations like Bankstown, Macarthur, Granville etc. maintain relationships with SFC. They've got members and supporters from all over. Save the East bit for the WSW boards.
WSW are fully owned by FFA, so obviously FFA provided opening capital and will fund any operating losses.
CCM have(or maybe had - not sure) a capital stake owned by FFA meaning they got a wedge of cash in addition to normal distributions in return for equity.
SFC on the other hand have always been fully privately owned. Frank Lowy's pockets and the FFA's pockets are not the same thing. Whether there is a conflict of interest in respect of other decisions is a separate matter too - FFA never funded SFC.
[/pedantic mode]