Mariners talking with new investors
November 29, 2011 18:15:17 UK
It has been confirmed by Central Coast Mariners that they are conducting meetings with several parties who are interested in investing in the club.
The financial situation of the A-League clubs in general is not at its best these days, with the latest reports suggesting that the Mariners are also struggling with monetary problems, which have been described as 'short-term cashflow' issues.
It has also been reported that the club failed to pay several members of their coaching staff and playing squad last week.
But the FFA boss Frank Lowy is confident that last season's A-League Grand finalists will be able to overcome their financial problems by bringing in new investors on board. He also revealed that the FFA may also provide the Mariners an advance from their funding allocation.
Earlier today, Central Coast chairman Peter Turnball released a statement, which read: "We are renowned as the community club of the Hyundai A-League due to our engagement with the people of the Central Coast.
"I want to assure our members and our fans that the foundation principles that underpin our club are non-negotiable. Those very strengths are what have attracted the potential new investors."
It further added: "To continue the growth of the Mariners we need to replenish our capital and that's what the talks aim to achieve.
"The Central Coast community is rightly proud of what the Mariners have built and this process is about making our house sustainable for the long-term."
The Mariners are 1.57 to be crowned A-League champions this season, with Brisbane Roar 2.25 and Perth Glory 51.00.
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