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Turbulence (then calm sailing, then turbulence) thread.

Ancient Mariner

Well-Known Member
What do you reckon the FFA will do if Newcastle ends up in a similar predicament to us?

Two clubs geographically close, one with a small catchment.

If you think about the likely outcomes you will understand why this is what I find truly frightening.
 

FFC Mariner

Well-Known Member
Reading between the lines (thereby running the risk of being completely wrong) it sounds like PT is in all sorts of strife, another shareholder is prepared to takeover but no one wants to lose the fabled riches of the CoE property deal (thats irony folks)

Add in another minority shareholder reportedly playing hardball (see Twitter for alleged details), it looks like a poker game.

They are won by the person with the deepest pockets. Always.
 

nebakke

Well-Known Member
Came across this... I realise that I'm an incorrigible optimist when it comes to this stuff right now, but it seems to me that it's a lot easier for them to get a rumour brush fire going this year than it was last year and still, there've been less of them this year. So I'm choosing to look at it with hope... Last year, they hadn't been paid in months when the papers started talking, in January... This year, pay was delayed by a couple of days and the papers were straight on it. Indeed, according to this thing, they've mostly been paid early this season.. Not that that means much ;)... Last time, it was a casual reference to a $1.5mill payment being already covered that started it.
I do, however, like the suggestion that this issue is more about the work-around solutions that they have in place to cover payment, running a bit behind... I'm also choosing to ignore the rumour about us having been knocked back for emergency funding ;)
I also think that anyone on staff at CCM need to be REALLY careful about mentioning money, whether in a positive or negative light...

http://www.theroar.com.au/2013/03/19/mariners-ffa-not-worried-about-pay-woes/

Central Coast and Football Federation Australia aren’t concerned about the financial status of the A-League club despite their failure to pay employees on time last week.
Players and staff were not paid last Friday as scheduled, though it is believed they will receive their wages on Monday or Tuesday.
Mariners chairman Peter Turnbull downplayed any concerns.
“It is accepted that each of the A-League clubs run at an annual deficit,” Turnbull told AAP in an email.
“We have various contingencies to manage this throughout the season, and unfortunately on this occasion we have been a couple of days late.”
Another Mariners official said staff had been paid three days early for the past six to eight months.
He said the Mariners had recently made a $750,000 payment to the Australian Taxation Office for monies to be distributed to Mariners employees.
A-League boss Damien de Bohun wasn’t fazed by the Mariners situation.
“Central Coast Mariners have been going through I guess some different issues in terms of their ownership which we are working through,” de Bohun said.
“From our perspective, it’s just something that’s gone out by a couple of days and (will) get resolved very quickly.”
Asked if he thought the club were close to resolving their ownership issues, de Bohun said: “Yes there’s no question about that”.
Turnbull didn’t hint at any imminent resolution.
“Central Coast Mariners Football Club continues to seek investment from interested parties, including from within our own shareholder base,” Turnbull said.
© AAP 2013
 

Roy Law

Well-Known Member
Interesting stuff...

Ray Gatt@Gatty54
@CameronBell @CCMariners Investor is there Cam. There are just some issues holding up process. If they dont get sorted he could walk away

Ray Gatt@Gatty54
@CameronBell @CCMariners depends on the pig headedness of others (not Peter Turnbull btw)


Lots of rumours flying around... again...
FFC, feel free to copy/paste any more tweets that may shed some light on what's going on.

Obviously it is Gorman being pig-headed as he is an FFA stooge and the FFA hates the Mariners because they believe in staying under the salary cap and under the limit for foreign players...
 

Roy Law

Well-Known Member
But. Finally. Looking through the smoke I think the end game is in sight and it will herald a new era of financial stability for the club; I am much happier if Charlesworth takes control as I do not want Russian or Chinese involvement
 

Ancient Mariner

Well-Known Member
I don't know about you guys but I have had enough of all the crap that has been going on over the last few seasons.

I do not want to see a team built, and coached to get into a winning position each year then to have the best one or two players sold off mid season in order that the club can survive, but then have the team go on to collapse at the business end. Then each year we get the stories of unpaid wages, morale drops not only in the club but in the community and support drops away.

It is all very well being a feeder club for bigger leagues but if we are going sell our chances of winning each year, how long will the club last.

Until we get owners with deep pockets who can afford a football team I cannot see this club moving forward.

If it takes a crisis to resolve this, bring it on . We cannot continue the way we have been.
 

Gratis

Well-Known Member
It looks like it is Gorman after all combining the below pieces of info (admittedly from the same source). also keeping in mind we don't really anything about the whats or whys so whilst it looks likely it's Gorman being the doorstop it's not fair to witchhunt without knowing more. i could be naive though too - correct me if I'm wrong. I am assuming here it's just the majority shareholders that would be making these calls

Ray Gatt @Gatty54:
@tbgaustralia I believe one investor holding out...can't say much more

@Sachk0 as I wrote this morning. Mike Charlesworth wants to do it but is being hamstrung

CENTRAL Coast coach Graham Arnold says his players have no intention of taking strike action and will turn up for Sunday's important away game against Adelaide United despite the fact the players still remain unpaid four days after their monthly wages were due.

Arnold's pledge came amid news the embattled club's investors -- Mike Charlesworth, chairman Peter Turnbull and Western Sydney Wanderers executive chairman Lyall Gorman -- were last night locked in a meeting in a bid to resolve issues surrounding a revamping of the Mariners' ownership structure.

According to ASIC records, Turnbull, Charlesworth and Gorman jointly own 64 per cent of the club through the investment trust that owns the club's Centre of Excellence at Tuggerah on the NSW central coast.

Englishman Charlesworth is understood to be interested in taking over the controlling interest in the Mariners and their considerable debts with a view to injecting much-needed funding and providing immediate cashflow to ease the club's financial burden.

Turnbull has reportedly indicated he is prepared to move aside for the sake of the club.

While the owners attempted to sort out the complicated situation, the drama over the players' unpaid wages -- a story broken by The Australian on Monday -- continued to drag on and threatened to derail the Mariners' slim hopes of retaining their Premier's Plate title.

The Australian understands chief executive John McKay informed the players and management staff via email yesterday that while the club had begun the payment process, "we may not complete the payroll of all staff including players and off-field staff until close of business tomorrow".

However, it emerged last night that no players had been paid by the close of business despite assurances the money would be in their accounts by yesterday.

Both Football Federation Australia and Professional Footballers Australia issued statements yesterday expressing concern over the situation and declaring they were closely monitoring developments.

"PFA continues to monitor the non-payment of players' wages at Central Coast Mariners," the players' union said in the statement.

"The matter is of serious concern and, as a result, PFA has been in close contact with the players, Football Federation Australia and the club."

Arnold remains confident the second-placed Mariners players will be focused for the game against Adelaide on Sunday.

"No, there is absolutely no talk of strike action," Arnold said yesterday.

"The players will be there (in Adelaide) 100 per cent."
http://www.theaustralian.com.au/spo...ch-graham-arnold/story-fn63e0vj-1226601011750
 

Capn Gus Bloodbeard

Well-Known Member
I like the point at the end of why the **** are the FFA owning WSW if they no longer have the funds to assist any of the existing teams?

http://www.theroar.com.au/2013/03/20/ffa-must-save-the-mariners-from-drowning/

And so the A-League comes back down to earth, with more of a shudder than a thud. The Central Coast Mariners are in financial turmoil, and suddenly nothing seems quite as rosy anymore.
To say this has come out of the blue is to tell a lie. It has been the issue the competition has repeatedly swept under the carpet for close to four years, hoping it would go away and resolve itself.
The great Ray Gatt from The Australian has been all over the story, which suggests the Gosford club could close its doors if a proposed ownership restructure falls through.
For the second time this season, players and staff have not been paid their monthtly salaries. The PFA is getting involved.
All manner of would-be white knights have been name-checked and talked about but they each sound more mythical than the last.
The death of Gold Coast United seems a lifetime ago but now this plight is a stark reminder the A-League simply cannot lose another club.
And certainly not Central Coast. The Mariners have come to symbolise the sport’s new wave in many ways. It is the little club that could; the brave outpost in a non-traditional football area.
But not even a club which many say is the template of how football should be run outside of the capital cities can seem to get on without the annoying pull of financial reality.
It is intriguing to note the Mariners have lost the back-of-shirt sponsorship with Primo Smallgoods, which was worth $750,000 over three years.
The company’s owner is Paul Lederer, who, as it happens, sits on the board of the Western Sydney Wanderers. He is a close friend of Frank Lowy.
No prizes for guessing where that Primo logo might be next season.
Therein lies a snapshot of the wider problem. Gatt’s report says the Mariners asked for financial assistance but were knocked back by the FFA, who are said to be unlikely to rescue the club should it become insolvent.
The reason is because of the federation’s investment in the Western Sydney Wanderers, the newcomers who have been mollycoddled into a beast the game should be wholeheartedly proud of.
It was known the decision to create the club after Gold Coast’s demise was a risk – but that was because the venture was rushed into.
What wasn’t immediately talked about was that the cash-strapped FFA had put all of its cards on the table.
It could afford to go to Western Sydney, just – thanks to the Federal Government. But we are told that is where the money runs out.
If Central Coast cannot sort itself out and falls over then you could say the Western Sydney gamble has not been worth it.
How could it be if the Wanderers are at the expense of arguably the A-League’s most successful club?
A change of ownership is meant to be on its way, but it’s gotten to the point where people laugh when the words “Russians” and “Central Coast” are used in the same sentence.
It doesn’t look like they are coming, and FFA has to prepare for the eventuality that there might not be anyone who will right now.
The licence could be whisked away to a Geelong consortium to maintain the 10-team equilibrium needed for the new TV deal, reports suggest, but at the moment that has pipe dream written all over it.
What message would it send if the A-League’s supposed on-field benchmark is no longer viable?
Even if this season has been one long Wanderers and Del Piero daze, everything will start to feel grim once again if the Mariners go under water. FFA has to be on guard
 

dibo

Well-Known Member
The FFA has also provided financial assistance to ensure that clubs can sign marquees - assistance that might be denied to the Mariners to keep the doors open.

You can have help to put lobster on the table, but not to have bread and dripping.
 

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