Monday, August 26, 2013
Man City consider £9m swoop for Aussie side
Manchester City are considering the possibility of buying out Australian side Western Sydney Wanderers in a deal mooted to be worth £8.7million [$15,000,0000].
The club, owned by Football Federation Australia, was founded in 2012 and won the A-League at the first attempt, with former Crystal Palace defender Tony Popovic managing the side.
The Australian Financial Review report that City, along with one other unnamed Premier League club, are investigating the potential of buying a stake in the Sydney side and are refusing to rule out a complete buy-out.
Australian football's governing body are reportedly keen to move the club into private ownership and have charged investment bank UBS with the responsibility of identifying a buyer before the start of the next A-League season in October.
The firm have put together a 50-page booklet on the recently-founded Wanderers, featuring in-depth information taking in the club's financial situation, commercial partnerships, the playing squad and the coaching staff.
The club, owned by Football Federation Australia, was founded in 2012 and won the A-League at the first attempt, with former Crystal Palace defender Tony Popovic managing the side.
The Australian Financial Review report that City, along with one other unnamed Premier League club, are investigating the potential of buying a stake in the Sydney side and are refusing to rule out a complete buy-out.
Australian football's governing body are reportedly keen to move the club into private ownership and have charged investment bank UBS with the responsibility of identifying a buyer before the start of the next A-League season in October.
The firm have put together a 50-page booklet on the recently-founded Wanderers, featuring in-depth information taking in the club's financial situation, commercial partnerships, the playing squad and the coaching staff.
