FFA to share $10m windfall with clubs

By Angela Habashy / Roar Guru

Football Federation Australia coffers are about to get a $10 million boost through the sale of Western Sydney Wanderers, and all A-League clubs will get a share, FFA supremo Frank Lowy says.

The long-awaited deal means ownership of the club will pass to a consortium chaired by Primo Smallgoods businessman Paul Lederer.

Lederer will be joined by Pirtek founder Peter Duncan, Filipino-Chinese businessman Jefferson Cheng and a fourth investor who Lowy confirmed would be David Slade, who is a family friend of the FFA chairman and a partner in British fashion outlet Topshop-Topman.

The FFA, which started the Wanderers with the help of $4 million in federal funding almost two years ago, has been eager to sell the club.

While Lowy called the Wanderers “a good investment”, the amount of money the FFA poured into the club is not known.

Lowy would not disclose what revenue the governing body was expected to make, but he confirmed A-League clubs would get a share.

“The new people who are coming in are very experienced in running the club,” Lowy said.

“I think we’ll get around $10 million or so (for the sale).

“I don’t dare to tell you (the expected surplus). We don’t have the final result and I don’t like to talk before then, but we’ll be sharing some of the surplus with the clubs.

Asked what other areas the money would be allocated to, Lowy simply said: “The whole of the game will benefit from this.”

Reports have said the new owners won’t take over until June 30, after the A-League season.

But Lowy dismissed those reports, saying they will take over as soon as the negotiations and paperwork are finalised.

Meanwhile, further allegations of corruption in the 2022 World Cup bid have emerged overnight.

Britain’s The Daily Telegraph reported that former FIFA vice-president Jack Warner and his family were paid almost $US2 million from a Qatari company linked to the country’s successful bid for the World Cup.

Amid claims by FIFA it might change the showpiece event from summer to winter to avoid Qatar’s oppressive heat, Lowy has requested compensation for the $43 million spent on Australia’s failed bid.

He said on Tuesday he wasn’t surprised by the latest reports of corruption.

“I took full resistibility for our bid, but it was not a level playing field,” Lowy said.

“I said at the time this is not the last that we will hear about the bid process and never have I spoken a truer word.

“The jury is still out as to what is going to happen.

“Whether we’ll get our money back or not it’s hard to say, but I certainly put the claim in.”

The Crowd Says:

2014-03-23T07:12:14+00:00

TheVolley

Guest


Not too long ago it was MV fans claiming they were keeping A-League afloat. No wonder these 2 sets of fans have running battles with their own clubs. They obviously think they are too important and the league somehow depends on them.

2014-03-20T02:43:33+00:00

Souwalker

Guest


regardless of quaint notion or not, the hearing is scheduled for 24th March. If he is found guilty, our club must throw the book at him. Period!! The club will make an example of Santalab because of what the club represents.

2014-03-19T23:57:27+00:00

Punter

Guest


AR, I tell you what, I will stop talking AFL if you stop talking football.

2014-03-19T23:52:57+00:00

Punter

Guest


Don;t worry Fadida, enough time in NSW with the daily Telegraph will knock the Tasmanian out of you.

2014-03-19T22:33:18+00:00

fadida

Guest


I feel your pain AR. I heard my 2 yo son having a similar childish, he said she said, circular argument with my 4 yo this morning! Perhaps you should change your tag from "AR" to "all Australian sports are equally important to me" :D

2014-03-19T21:07:22+00:00

Australian Rules

Guest


"We will not achieve world peace here by convincing all to love AFL." Then for god sake stop talking about the AFL.

2014-03-19T12:11:23+00:00

Johan

Guest


Obviously meant to be Lowy!! Managed to do 2 different typos with his name!!!

2014-03-19T11:58:24+00:00

Johan

Guest


rodders - I partially agree. The US was a very strong bid and would have required minimal spending to bring it up to standard as they have so many existing big stadiums. The other advantage with the US was that the NFL season is not in June so there would be no clash with other codes. This would be a major issue for Australia as Rugby, Rugby League and AFL are all in mid season in June. Naturally they would require significant financial compensation as the stadiums would have to be solely used for the World Cup which would massively disrupt their seasons. The other issue that didn't help Australia was the bizarre presentation and speech. Lowly has done a lot for football in Oz but the choice of him to give the speech and the content of his speech was strange. Lowry is not known outside Australia and many people, rightly or wrongly, would have heard his Hungarian accent and would not even have connected him with Australia. Other countries used people who would be known globally as representing their bid. The English bid used Prince William and David Beckham for example. Australia probably would have done a good job but we will have to wait now.

2014-03-19T11:45:54+00:00

Rodney

Roar Pro


other than the Summer Olympics the other examples are pretty irrelevant. F1 + Grand Slam are circuits based on several small tournaments, they have nowhere near the draw and tourism potential a world cup or an Olympics has. Tennis, being a summer sport, doesn't have many other places to place a grand slam in January. Australia being its best candidate. The F1 is much more saturated holding local events to cater for its geographically spread audience. The current circuit includes 19 countries. The Olympics also loses some its relevancy with its centrality in one city and the irrelevancy of attendances in a majority of the events. The isolation of events makes it easy for tourists to 'see it all' and the fact that in pretty much all the non-track and field events attendances are irrelevant gives an event like the olympics a lot more lee-way But the world cup is a far different and much bigger beast than the Olympics, instead of the umpteen events and competitors in the olympics the world cup is much more focused. Its almost a month of competition aimed at deciding the best footballing nation, rather than the couple of weeks (at best) each event at the olympics recieves. The Australian world cup bid would have stadiums as spread out (if not more) than the US bid, with a fraction of the population density and sitting in a poor time zone for European and American viewers. The Japanese and Korean bids restrict tourists from having to travel due too far and the local density practically ensures better game day attendances. Australia hasn't got the local density (ala. USA 1994) to support a cup spanning such a wide area and the spread of games would be a major deterrent for tourists. (even if it is the biggest sporting event in the world, expecting 62 games to be well attended would be a bit much) All the other potential hosts (bar Qatar) would either look to provide higher attendances (asian cups) or both higher attendances and better tv ratings (USA)

2014-03-19T11:02:16+00:00

Punter

Guest


I think you have posted more today on this thread alone then I have in the last 6 months on an AFL tab. Yes I have seen you on other sporting tabs & funny enough you are doing the same on those as you do here, talking AFL or defending AFL against anyone on a non AFL tab who dares to dislike the game. I love many sports too, but I feel no need to tell everyone that my sport is better than yours like you do. If you are not obsessed why do you know what Fuss said on the 29th April 2013, it's really not that important,, let it go, it's not healthy . We will not achieve world peace here by convincing all to love AFL.

2014-03-19T10:56:14+00:00

C

Guest


Ar fair enough comment and did you see the term manuka midgets now that is funny as:-) :-)

2014-03-19T10:32:56+00:00

Fussball ist unser leben

Roar Guru


@Rodney Do you have the same negative assessment of Australia for hosting other sporting events - e.g. Summer Olympics, F1 GP, Grand Slam Tennis... or are the negatives associated with AUS geography only applicable to football & FIFA's World Cup?

2014-03-19T10:27:04+00:00

Rodney

Roar Pro


honestly Australia's bid was the weakest in terms of infrastructure and potential benchmarks (bar the Qatari bid). A poor for TV viewers and physical attendees compared to the other bids. 10-16 hour time differences from a majority of the television watching audience, sparsely populated and fairly remote compared to other potential hosts, relying on oval grounds (not ideal for football). Attendances and ratings would be poor (in comparison to other cups) if it was held in Aus for very little investment benefit. The US bid was the strongest, followed by the asian bids. The only real argument for why Australia should be preferred is that we haven't held one before.

2014-03-19T10:25:56+00:00

Johan

Guest


punter- I think there was a sort of a compliment there, albeit wrapped in a jibe. Anyway I guess I should take what I can get!! I agree with you about Sydney but not Melbourne. In fact I have often suggested that the mariners be relocated to north Sydney and play at north Sydney oval. This has not always been a popular suggestion with everyone on this site. My main reason for this is that the mariners crowds are too low and if they are so poor now when the mariners are toilet holders then what will they be like if they ever become wooden spoon material (toilet cleaners, if you will). I'm not convinced that Melbourne needs another team especially given the Heart 's crowds are pretty poor and prior to being bought by Man City there was much speculation that they would be wound up. In any event, no new teams should be brought in for at least 10 years in Sydney. A team should be introduced in Wollongong though in 2018.

2014-03-19T08:23:03+00:00

Titus

Guest


You know it would have been a good party if Stavros wasn't going to come, what a shame, still, the absence of Stavros in Brazil should make for a good time.

2014-03-19T08:04:23+00:00

Australian Rules

Guest


Punter: "How AR wants everyone else to think that all is rotten in all sports bar AFL that is his issue." Oh Christ. I doubt there's anyone on this site that has criticised Essendon or the AFL more than I have over the past year (maybe IanW comes close). You're on the AFL tab often enough - go read my posts - they're all there. I also comment reguarly on cricket, league, rugby, racing, the Olympics or whatever other sporting issue that I feel like. I follow as many sports as I can - that may be an alien concept to you - I don't know. And sometimes (maybe not often) I feel I can contribute, as I have a background in sports media, sporting organisations and law. But you (and others) seem to attack my comments purely because I made them, not because of what they say. And despite what you often claim, you'll find no example of me ever bagging soccer or the ALeague. Sorry for the long-windedness, but I think it was due.

2014-03-19T07:51:36+00:00

Muzz

Guest


Punter - There are 9 Sydney based NRL teams. Based on the average crowds of both SFC and WSW and with Sydney's population i can't see why a 3rd Sydney based club can't be introduced in 2 to 3 years.I would look to place it in the inner west between both the existing clubs.

2014-03-19T07:39:51+00:00

Allan

Guest


They sold too many memberships to a small stadium.

2014-03-19T07:21:15+00:00

Punter

Guest


Johan, I read a post on the AFL tab & you actually made sense, unlike your posts on football. 1. Clubs are only allowed 4 foreigners, takes 23 players for a current squad. 2. IF AFL can have 9 Melbourne teams & NRL have 7 Sydney teams, why can't Sydney & Melbourne have a 3rd team. SW Sydney could easily support a team & how about Sth Melbourne

2014-03-19T07:12:20+00:00

Punter

Guest


SFM, I think you have posted more on this thread today, then I have on the AFL tab in the last 3 months. BTW, I didn't mention AFL, Midfielder did, I was just commenting on his comment. Now who is pathetic.

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