Football Federation Australia Chair Frank Lowy said that the sale of A-League club Western Sydney Wanderers "should reap" Australian football about A$10M ($9.13M), according to REUTERS.
Ownership of the club, runners-up in the top-flight domestic competition in its maiden season last year, "will pass to a consortium of businessmen from Football Federation Australia, who started up the expansion club nearly two years ago" with the help of A$4M of government funding (REUTERS, 3/18). In Sydney, Tom Smithies reported Lowy "pledged to split the proceeds" of the club’s A$10M sale. Lowy said that the "'surplus' from it would be split between the other nine teams," which have all been "agitating for a cut in the revenue from a club launched less than two years ago." Lowy: "The whole of the game will benefit. Resources both human and financial will be dedicated to (women’s football) because I believe there is a big future in it. The Wanderers had a very good year and became premiers, they have wonderful support, so it has been a very rewarding exercise" (DAILY TELEGRAPH, 3/18).
