Football Federation Australia To Relieve Financial Pressure Of A-League Owners
Football Federation Australia "is hoping to heal its historically fractured relationship with A-League club owners" as CEO David Gallop revealed the governing body's priority next season "is relieving the financial pressures placed on owners," according to Dominic Bossi of the SYDNEY MORNING HERALD. The FFA will consolidate "its position to maintain increased financial stability." The new broadcast deal, which will see the game shown live on Fox Sports and SBS, "has provided the game with a significant cash stream but it is not at the stage when the FFA is willing to explore large-scale projects such as expansion." Gallop said that "consolidating the financial position this season is essential for the league's development." Gallop: ''We're certainly moving into a more stable financial environment but we need to be conscious of the huge investment club owners have made in the past and will continue to make. Ultimately, our number one strategic priority is to alleviate the burden on our private owners, but certainly progress has been made in that area'' (SMH, 10/4).