Turbulence (then calm sailing, then turbulence) thread.

[Ancient Mariner]

...or looking for somebody, anybody, to help carry the load.

That's how I read it.

"We have a football club and centre of excellence please place your bids."

 

[Mumbles]

The IPO is a good idea. ROI won't be great. maybe half price beer and hotdogs.

As mentioned in the past plenty of fans would like to own a little piece of the Mariners.

 

[FFC Mariner]

IPO would be amazing. Looks like the issues with the Russians aren't fixable so we have been sending out an SoS for cash.

If only there was an election, a dodgy local candidate and a Government desperate to splash the cash to keep a seat.......

 

[finally retired]

IPO would be amazing. Looks like the issues with the Russians aren't fixable so we have been sending out an SoS for cash.

If only there was an election, a dodgy local candidate and a Government desperate to splash the cash to keep a seat.......

ahhh....don't we now have all that ????
Julia Gillard calls September 14 federal election

http://www.abc.net.au/news/2013-01-30/julia-gillard-calls-september-14-federal-election/4491118

here's hoping that the cash is splashed

 

[style_cafe]

FIFA thinks that you will emulate their worst world-wide examples and will storm the the field after tearing off a lump of guard-rail, whilst those slumbering at home in front of Foxtel with a beer in hand may be less so moved!

I`d rather storm the FIFA offices & belt a few morons that spoil the game for the rest of us..

 

[Gratis]

Like the Russians I suspect we'll be waiting a while (min. of several weeks) for any concrete info. Which is realistic of course.

"Representatives from both syndicates, which are closely connected to Asian clubs, will fly to Australia in several weeks after reviewing an extensive information memorandum."

 

[ccmmic]

Another interesting article about a potential Chinese takeover. Read more: http://www.foxsports.com.au/football/a-league/china-bid-for-mariners-delights-ffa/story-e6frf4gl-1226565597072#ixzz2JUzTqYsr

 

[Blair]

http://www.footballaustralia.com.au...ariners-open-talks-with-Asian-investors/59540
Time for the wild speculation to start again. Hopefully it for real I seriously think our club would be the best club to invest into in the a-league.

 

[midfielder]

http://ccmfans.net/community/index....nancial-crisis-in-the-daily-tele.4558/page-17

 

[dibo]

this thread now has all the asian investor action - keep it here.

that means you, midfielder. *shakes fist*

 

[midfielder]

. *shakes fist*

Cough cough eeeee your fist is shaking what exactly

 

[dibo]

HA!

 

[dibo]

Mariners ready to sign up investors

PUBLISHED: 04 FEB 2013 00:05:00 | UPDATED: 04 FEB 2013 07:18:38

Mariners chairman Peter Turnbull would accept a full takeover. Photo: Louie Douvis​

JOHN STENSHOLT​

A-League soccer club Central Coast Mariners is in talks to sign a deal with a foreign investor worth $10 million to $15 million by the end of the financial year.​

The deal would be in exchange for a majority stake in the team, which is based on the NSW central coast, and make the Mariners the third A-League club to be foreign owned.​

Mariners chairman Peter Turnbull told The Australian Financial Review he’s had strong interest from two Asian investors, with more parties making inquiries after the club made the interest public last week.​

Any investor would be buying a mixture of soccer and property assets, with the Mariners in the midst of a $40 million development at Tuggerah that will include a “centre of excellence” training and coaching venue, a 3000-seat stadium, a 120-room hotel, function centre, licensed club and office block.​

Turnbull says the development, to be completed within two years, will finally put the Mariners on a sound financial footing. “We have signed Travelodge to a 25-year lease for the hotel so they will be paying rent for that.​

“The five-a-side soccer complex has been leased to a company for 25 years and we have 60 per cent of the office block precommitted. So there will be plenty of alternative revenue streams.”​

Under Turnbull’s leadership, the Mariners have been one of the most competitive teams in the A-League’s eight-year history.​

Although they have never won a grand final, the Mariners finished top of the ladder at the end of the 2011-12 season and are in first place again this season.​

However, like most A-League clubs, the Mariners have at times led a precarious existence financially. The club loses between $500,000 to $1.5 million annually, has debts of about $2 million and Turnbull and the club’s minority owners, including English property developer Kevin McCabe, have put at estimated $7 million of their own money into the business.​

Turnbull insists a deal will take place this year, despite previous interest from English investors, a consortium from Russia and listed property investment group Sabina Corporation, from which no firm deals were struck. Turnbull would like to keep a minority stake but would accept a full takeover offer on the right terms.​

“The league has become more viable now,” he says. “There is a new television deal coming next season and we are producing our own talent, from the under-11s onwards.”​

The new investment and alternative income sources would also help the Mariners keep more of their young talent for longer, having sold the likes of Tom Rogic and Mustafa Amini to big European clubs in the past year.​

“It’s very hard to keep those players here in Australia when they get stars in their eyes,” Turnbull says. “But we have never sold anyone that didn’t want to leave and wasn’t coming towards the end of their contract anyway.”​

The Australian Financial Review​

​

 

[Roy Law]

Mainly stuff we have heard before; what I want to know is if the club sells all its assets to investors, overseas or local, how does it retain an income stream to make it profitable?

 

[Mumbles]

Mainly stuff we have heard before; what I want to know is if the club sells all its assets to investors, overseas or local, how does it retain an income stream to make it profitable?

The investor is buying the team and property assets.
I can think of a couple of business models that would turn at least a modest profit and there's plenty of smarter, savvy entrepreneurs out there if a project like this takes their fancy.

COE would make a nice off season training camp/academy for big Asian clubs.

 

[adz]

A bit confused here - how are the investors taking assets away from the club?

 

[Mumbles]

""""Any investor would be buying a mixture of soccer and property assets, with the Mariners in the midst of a $40 million development at Tuggerah that will include a “centre of excellence” training and coaching venue, a 3000-seat stadium, a 120-room hotel, function centre, licensed club and office block."""""

 

[adz]

That doesn't mean those assets are removed from the club, though, it's part of what they are buying into??

 

[Gratis]

I'm curious about how a majority share would change the control and direction at the club. I'm more than happy to be foreign owned but hope they appreciate the culture first attitude and also don't become like Syd making decisions from top down with no cohesion with the coaching staff etc.
Hopefully with Lawrie just going through all of that in China he can make the point and something can be agreed upon in the first place

 

[midfielder]

HHHMMMMM the Asian 10 m to 15 m.... watch and see not enough details ... with the election, new media deal and existing assets at the COE on the surface for a major share it seems cheap... maybe Peter can win Powerball ....