AJF
|
|
Group: Forum Members
Posts: 2.7K,
Visits: 2
|
+x+x+x+x+xFurther confirmation that the FFA still own the A League and think they can sell it off There are so many talking points in this article, that's just one of them. For example, if the FFA is trying to sell a half share, presumably for tens of millions of dollars, prior to handing it over to the clubs, does that mean the FFA expects a similar payment from the clubs to take it over? I mean, if the league is worth $100 million, and the FFA is currently able to sell half of it, why on Earth would they hand it over for nothing to the clubs?Doesn't actually make any sense, clearly, you are not going to hand it over for nothing, that would be foolish (from the FFA's perspective). The value is determined by the 11 clubs that make up the competition. They are free to leave and set up their own competition, as English clubs did in forming the EPL, so the FFA don’t have to hand it over, but equally the clubs don’t have to stay. Actually, FFA has to sanction the comp otherwise it won’t be recognised by FIFA or AFC. Of course it does but they can’t block clubs without good reason, and there’s very few good reasons to block clubs forming their own competition.
So the FFA can’t block clubs from forming their own competition just because they like running the AL, Otherwise the FFA won’t be recognised by FIFA.
This all played out when the EPL was formed. The English FA and Football League thought they could dictate to the clubs, FIFA reminded them they can’t.
FIFA is very clear - football is organised for the players and their clubs; not for the benefit of Administrators.
so the old NSL clubs could create their own national comp and FFA cant stop them? dont think so
|
|
|
|
Feed_The_Brox
|
|
Group: Forum Members
Posts: 3.3K,
Visits: 0
|
I'm OK with selling a percentage of the AL if it brings in more revenue, and a marketing firm should bring in better marketing ideas... but we need to be worried about the intentions of the potential buyers. Do they have the best interests of Football at heart? You'd think profit or capital growth would be the priority. You would hope that if some of it was sold, it would be a minority stake.
|
|
|
Footballer
|
|
Group: Forum Members
Posts: 1.2K,
Visits: 0
|
+x+x+x+x+x+xFurther confirmation that the FFA still own the A League and think they can sell it off There are so many talking points in this article, that's just one of them. For example, if the FFA is trying to sell a half share, presumably for tens of millions of dollars, prior to handing it over to the clubs, does that mean the FFA expects a similar payment from the clubs to take it over? I mean, if the league is worth $100 million, and the FFA is currently able to sell half of it, why on Earth would they hand it over for nothing to the clubs?Doesn't actually make any sense, clearly, you are not going to hand it over for nothing, that would be foolish (from the FFA's perspective). The value is determined by the 11 clubs that make up the competition. They are free to leave and set up their own competition, as English clubs did in forming the EPL, so the FFA don’t have to hand it over, but equally the clubs don’t have to stay. Actually, FFA has to sanction the comp otherwise it won’t be recognised by FIFA or AFC. Of course it does but they can’t block clubs without good reason, and there’s very few good reasons to block clubs forming their own competition.
So the FFA can’t block clubs from forming their own competition just because they like running the AL, Otherwise the FFA won’t be recognised by FIFA.
This all played out when the EPL was formed. The English FA and Football League thought they could dictate to the clubs, FIFA reminded them they can’t.
FIFA is very clear - football is organised for the players and their clubs; not for the benefit of Administrators.
Oh the irony of that last paragraph. haha :D
|
|
|
charlied
|
|
Group: Forum Members
Posts: 2.4K,
Visits: 0
|
+x+x+x+x+xFurther confirmation that the FFA still own the A League and think they can sell it off There are so many talking points in this article, that's just one of them. For example, if the FFA is trying to sell a half share, presumably for tens of millions of dollars, prior to handing it over to the clubs, does that mean the FFA expects a similar payment from the clubs to take it over? I mean, if the league is worth $100 million, and the FFA is currently able to sell half of it, why on Earth would they hand it over for nothing to the clubs?Doesn't actually make any sense, clearly, you are not going to hand it over for nothing, that would be foolish (from the FFA's perspective). The value is determined by the 11 clubs that make up the competition. They are free to leave and set up their own competition, as English clubs did in forming the EPL, so the FFA don’t have to hand it over, but equally the clubs don’t have to stay. Actually, FFA has to sanction the comp otherwise it won’t be recognised by FIFA or AFC. Of course it does but they can’t block clubs without good reason, and there’s very few good reasons to block clubs forming their own competition.
So the FFA can’t block clubs from forming their own competition just because they like running the AL, Otherwise the FFA won’t be recognised by FIFA.
This all played out when the EPL was formed. The English FA and Football League thought they could dictate to the clubs, FIFA reminded them they can’t.
FIFA is very clear - football is organised for the players and their clubs; not for the benefit of Administrators.
Oh the irony of that last paragraph.
|
|
|
Waz
|
|
Group: Forum Members
Posts: 19K,
Visits: 0
|
+x+x+x+xFurther confirmation that the FFA still own the A League and think they can sell it off There are so many talking points in this article, that's just one of them. For example, if the FFA is trying to sell a half share, presumably for tens of millions of dollars, prior to handing it over to the clubs, does that mean the FFA expects a similar payment from the clubs to take it over? I mean, if the league is worth $100 million, and the FFA is currently able to sell half of it, why on Earth would they hand it over for nothing to the clubs?Doesn't actually make any sense, clearly, you are not going to hand it over for nothing, that would be foolish (from the FFA's perspective). The value is determined by the 11 clubs that make up the competition. They are free to leave and set up their own competition, as English clubs did in forming the EPL, so the FFA don’t have to hand it over, but equally the clubs don’t have to stay. Actually, FFA has to sanction the comp otherwise it won’t be recognised by FIFA or AFC. Of course it does but they can’t block clubs without good reason, and there’s very few good reasons to block clubs forming their own competition.
So the FFA can’t block clubs from forming their own competition just because they like running the AL, Otherwise the FFA won’t be recognised by FIFA.
This all played out when the EPL was formed. The English FA and Football League thought they could dictate to the clubs, FIFA reminded them they can’t.
FIFA is very clear - football is organised for the players and their clubs; not for the benefit of Administrators.
|
|
|
AJF
|
|
Group: Forum Members
Posts: 2.7K,
Visits: 2
|
+x+x+xFurther confirmation that the FFA still own the A League and think they can sell it off There are so many talking points in this article, that's just one of them. For example, if the FFA is trying to sell a half share, presumably for tens of millions of dollars, prior to handing it over to the clubs, does that mean the FFA expects a similar payment from the clubs to take it over? I mean, if the league is worth $100 million, and the FFA is currently able to sell half of it, why on Earth would they hand it over for nothing to the clubs?Doesn't actually make any sense, clearly, you are not going to hand it over for nothing, that would be foolish (from the FFA's perspective). The value is determined by the 11 clubs that make up the competition. They are free to leave and set up their own competition, as English clubs did in forming the EPL, so the FFA don’t have to hand it over, but equally the clubs don’t have to stay. Actually, FFA has to sanction the comp otherwise it won’t be recognised by FIFA or AFC.
|
|
|
AJF
|
|
Group: Forum Members
Posts: 2.7K,
Visits: 2
|
+x+xFurther confirmation that the FFA still own the A League and think they can sell it off There are so many talking points in this article, that's just one of them. For example, if the FFA is trying to sell a half share, presumably for tens of millions of dollars, prior to handing it over to the clubs, does that mean the FFA expects a similar payment from the clubs to take it over? I mean, if the league is worth $100 million, and the FFA is currently able to sell half of it, why on Earth would they hand it over for nothing to the clubs? Doesn't actually make any sense, clearly, you are not going to hand it over for nothing, that would be foolish (from the FFA's perspective). That’s actually a really good point, AL is a FFA asset at present and giving it away for free would not only be foolish but probably expose directors to negligence. I wonder if this is also one of the sticking points, how much owners have to pay FFA to buy out the AL?
|
|
|
Footyball
|
|
Group: Forum Members
Posts: 3.8K,
Visits: 0
|
If the owners continue to oppose global investment, when the foreign investors are lined up, just sign up contracts with them ffa. Then when the owners theaten to leave, the US entities can come Straight in and buy the clubs outright. Stuff independence, ffa bring in investment to save the aleague! Some owners are now the New Lowy/Gallop. The aleague needs global investment asap or it will stay small fry, No second division along with No eventual pro/rel either, it won't suit their Self Interest!
|
|
|
Waz
|
|
Group: Forum Members
Posts: 19K,
Visits: 0
|
+x+x+x+xFurther confirmation that the FFA still own the A League and think they can sell it off There are so many talking points in this article, that's just one of them. For example, if the FFA is trying to sell a half share, presumably for tens of millions of dollars, prior to handing it over to the clubs, does that mean the FFA expects a similar payment from the clubs to take it over? I mean, if the league is worth $100 million, and the FFA is currently able to sell half of it, why on Earth would they hand it over for nothing to the clubs?Doesn't actually make any sense, clearly, you are not going to hand it over for nothing, that would be foolish (from the FFA's perspective). The value is determined by the 11 clubs that make up the competition. They are free to leave and set up their own competition, as English clubs did in forming the EPL, so the FFA don’t have to hand it over, but equally the clubs don’t have to stay. True, but they are not free to take their IP with them. They are. The sticking point would be the participation agreements
|
|
|
someguyjc
|
|
Group: Forum Members
Posts: 4.1K,
Visits: 0
|
+x+x+xFurther confirmation that the FFA still own the A League and think they can sell it off There are so many talking points in this article, that's just one of them. For example, if the FFA is trying to sell a half share, presumably for tens of millions of dollars, prior to handing it over to the clubs, does that mean the FFA expects a similar payment from the clubs to take it over? I mean, if the league is worth $100 million, and the FFA is currently able to sell half of it, why on Earth would they hand it over for nothing to the clubs?Doesn't actually make any sense, clearly, you are not going to hand it over for nothing, that would be foolish (from the FFA's perspective). The value is determined by the 11 clubs that make up the competition. They are free to leave and set up their own competition, as English clubs did in forming the EPL, so the FFA don’t have to hand it over, but equally the clubs don’t have to stay. True, but they are not free to take their IP with them.
|
|
|
Waz
|
|
Group: Forum Members
Posts: 19K,
Visits: 0
|
+x+xFurther confirmation that the FFA still own the A League and think they can sell it off There are so many talking points in this article, that's just one of them. For example, if the FFA is trying to sell a half share, presumably for tens of millions of dollars, prior to handing it over to the clubs, does that mean the FFA expects a similar payment from the clubs to take it over? I mean, if the league is worth $100 million, and the FFA is currently able to sell half of it, why on Earth would they hand it over for nothing to the clubs?Doesn't actually make any sense, clearly, you are not going to hand it over for nothing, that would be foolish (from the FFA's perspective). The value is determined by the 11 clubs that make up the competition. They are free to leave and set up their own competition, as English clubs did in forming the EPL, so the FFA don’t have to hand it over, but equally the clubs don’t have to stay.
|
|
|
someguyjc
|
|
Group: Forum Members
Posts: 4.1K,
Visits: 0
|
+x+xFurther confirmation that the FFA still own the A League and think they can sell it off There are so many talking points in this article, that's just one of them. For example, if the FFA is trying to sell a half share, presumably for tens of millions of dollars, prior to handing it over to the clubs, does that mean the FFA expects a similar payment from the clubs to take it over? I mean, if the league is worth $100 million, and the FFA is currently able to sell half of it, why on Earth would they hand it over for nothing to the clubs? Doesn't actually make any sense, clearly, you are not going to hand it over for nothing, that would be foolish (from the FFA's perspective). The deal with the clubs is a little different as the clubs would be paying a fee back to the FFA every year. In the long run, that could be far more lucrative for the FFA than a once off sale.
|
|
|
Footballer
|
|
Group: Forum Members
Posts: 1.2K,
Visits: 0
|
+xyeah, nothing to see here - if there's anyone you can trust to "put football first", its an American sports marketing firm... Exactly this is a disaster waiting to happen.
Selling control to an American marketing firm??? I thought this was the opposite of what everyone has been driving for over the past 10 years ?!!
|
|
|
bettega
|
|
Group: Forum Members
Posts: 4.8K,
Visits: 0
|
+xFurther confirmation that the FFA still own the A League and think they can sell it off There are so many talking points in this article, that's just one of them. For example, if the FFA is trying to sell a half share, presumably for tens of millions of dollars, prior to handing it over to the clubs, does that mean the FFA expects a similar payment from the clubs to take it over? I mean, if the league is worth $100 million, and the FFA is currently able to sell half of it, why on Earth would they hand it over for nothing to the clubs? Doesn't actually make any sense, clearly, you are not going to hand it over for nothing, that would be foolish (from the FFA's perspective).
|
|
|
Footyball
|
|
Group: Forum Members
Posts: 3.8K,
Visits: 0
|
Another shitfest that will take 2 years to sort out.
|
|
|
Waz
|
|
Group: Forum Members
Posts: 19K,
Visits: 0
|
Further confirmation that the FFA still own the A League and think they can sell it off
|
|
|
scott20won
|
|
Group: Forum Members
Posts: 2.8K,
Visits: 0
|
“A-League club owners are unwilling to sell a stake in the competition to a global sports management firm, saying they have not spoken about raising investment through a private third-party ownership model.” https://www.smh.com.au/sport/soccer/clubs-unwilling-to-sell-a-league-to-private-equity-firm-20200520-p54uos.html
|
|
|
libel
|
|
Group: Banned Members
Posts: 3.7K,
Visits: 0
|
+x+x+x+x+x+x+x+x+x+x+x+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? Err, yes he is. And yet his work continues Any decision made post-Lowy is on the new mob. Nikou is old mob LOL ! Sure thing brah
My response was to the suggestion that old ffa = new ffa. Whatever you do, don't tell the nuvo new dawners ! There is no new FFA. LOL ! Enjoy your Saturday You too
|
|
|
scott20won
|
|
Group: Forum Members
Posts: 2.8K,
Visits: 0
|
+x+x+x+x+x+x+x+x+x+x+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? Err, yes he is. And yet his work continues Any decision made post-Lowy is on the new mob. Nikou is old mob LOL ! Sure thing brah
My response was to the suggestion that old ffa = new ffa. Whatever you do, don't tell the nuvo new dawners ! There is no new FFA. LOL ! Enjoy your Saturday
|
|
|
libel
|
|
Group: Banned Members
Posts: 3.7K,
Visits: 0
|
+x+x+x+x+x+x+x+x+x+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? Err, yes he is. And yet his work continues Any decision made post-Lowy is on the new mob. Nikou is old mob LOL ! Sure thing brah
My response was to the suggestion that old ffa = new ffa. Whatever you do, don't tell the nuvo new dawners ! There is no new FFA. LOL !
|
|
|
scott20won
|
|
Group: Forum Members
Posts: 2.8K,
Visits: 0
|
+x+x+x+x+x+x+x+x+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? Err, yes he is. And yet his work continues Any decision made post-Lowy is on the new mob. Nikou is old mob LOL ! Sure thing brah
My response was to the suggestion that old ffa = new ffa. Whatever you do, don't tell the nuvo new dawners ! There is no new FFA. its FFA and the current chairman was hand picked by Frank Lowy. New CEO doesn’t mean new FFA. You often try to confuse people between the two here.
|
|
|
Blew.2
|
|
Group: Forum Members
Posts: 753,
Visits: 0
|
+x+x+x+x+x+x+x+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? Err, yes he is. And yet his work continues Any decision made post-Lowy is on the new mob. Nikou is old mob LOL ! “Football Federation Australia plan for life after Frank LowyFFA plan for life after LowyTwo new directors were appointed to the FFA board on Wednesday in preparation for Frank Lowy's retirement as chairman in November of next year Football Federation Australia (FFA) have promoted two new directors to their board as the succession plan to replace veteran chairman Frank Lowy gathers pace.Lowy has been chairman since the organisation changed its name from the Australian Soccer Assocation to FFA, helping form the A-League and essentially revolutionise football in Australia.But with Lowy's term set to expire in November 2015, as well as those of Brian Schwartz (deputy chairman) and Phillip Wolanski (director), the FFA appointed Simon Hepworth and Chris Nikou to the board on Wednesday.Hepworth - chief operating officer and chief financial officer of Caltex Australia - and Nikou - senior partner at law firm K&L Gates - will start a two-year term from October 16."The renewal process we see unfolding today shows that we are taking deliberate steps in the succession plan for the four-year period from 2015," Lowy said in a statement."We have two new directors who will add valuable skills and experience around the FFA boardroom table."Yesterday, we were able to brief our key stakeholders on the process of identifying candidates for nomination and election by the Members at the AGM in November 2015."There's more work to be done and we will make sure there is a meticulous process to find the best available candidates to serve on the FFA Board in the post-2015 years."Nikou has previously served as a director with Football Federation Victoria and is part of the AFC Asian Cup Australia 2015 Local Organising Committee, while Hepworth's football credentials include stints in semi-pro football in the United Kingdom and as both a qualified referee and junior coach.The appointments of Hepworth and Nikou will also cover the departure of former Sydney FC director Chris Rex, who has had to step down from the FFA board due to work commitments.” https://www.goal.com/en-au/news/4016/main/2014/10/08/5165852/ffa-plan-for-life-after-lowySure thing brah Shit this is straight out of THE LOWY FAMILY history book - election by the Members at the AGM in November 2015. Is even pre the Head Roll - Stage Fright
Clear Contact There
|
|
|
libel
|
|
Group: Banned Members
Posts: 3.7K,
Visits: 0
|
+x+x+x+x+x+x+x+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? Err, yes he is. And yet his work continues Any decision made post-Lowy is on the new mob. Nikou is old mob LOL ! Sure thing brah
My response was to the suggestion that old ffa = new ffa. Whatever you do, don't tell the nuvo new dawners !
|
|
|
scott20won
|
|
Group: Forum Members
Posts: 2.8K,
Visits: 0
|
+x+x+x+x+x+x+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? Err, yes he is. And yet his work continues Any decision made post-Lowy is on the new mob. Nikou is old mob LOL ! “Football Federation Australia plan for life after Frank LowyFFA plan for life after LowyTwo new directors were appointed to the FFA board on Wednesday in preparation for Frank Lowy's retirement as chairman in November of next year Football Federation Australia (FFA) have promoted two new directors to their board as the succession plan to replace veteran chairman Frank Lowy gathers pace.Lowy has been chairman since the organisation changed its name from the Australian Soccer Assocation to FFA, helping form the A-League and essentially revolutionise football in Australia.But with Lowy's term set to expire in November 2015, as well as those of Brian Schwartz (deputy chairman) and Phillip Wolanski (director), the FFA appointed Simon Hepworth and Chris Nikou to the board on Wednesday.Hepworth - chief operating officer and chief financial officer of Caltex Australia - and Nikou - senior partner at law firm K&L Gates - will start a two-year term from October 16."The renewal process we see unfolding today shows that we are taking deliberate steps in the succession plan for the four-year period from 2015," Lowy said in a statement."We have two new directors who will add valuable skills and experience around the FFA boardroom table."Yesterday, we were able to brief our key stakeholders on the process of identifying candidates for nomination and election by the Members at the AGM in November 2015."There's more work to be done and we will make sure there is a meticulous process to find the best available candidates to serve on the FFA Board in the post-2015 years."Nikou has previously served as a director with Football Federation Victoria and is part of the AFC Asian Cup Australia 2015 Local Organising Committee, while Hepworth's football credentials include stints in semi-pro football in the United Kingdom and as both a qualified referee and junior coach.The appointments of Hepworth and Nikou will also cover the departure of former Sydney FC director Chris Rex, who has had to step down from the FFA board due to work commitments.” https://www.goal.com/en-au/news/4016/main/2014/10/08/5165852/ffa-plan-for-life-after-lowySure thing brah
|
|
|
libel
|
|
Group: Banned Members
Posts: 3.7K,
Visits: 0
|
+x+x+x+x+x+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? Err, yes he is. And yet his work continues Any decision made post-Lowy is on the new mob. Nikou is old mob LOL !
|
|
|
scott20won
|
|
Group: Forum Members
Posts: 2.8K,
Visits: 0
|
+x+x+x+x+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? Err, yes he is. And yet his work continues Any decision made post-Lowy is on the new mob. Nikou is old mob
|
|
|
libel
|
|
Group: Banned Members
Posts: 3.7K,
Visits: 0
|
+x+x+x+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? Err, yes he is. And yet his work continues Any decision made post-Lowy is on the new mob.
|
|
|
scott20won
|
|
Group: Forum Members
Posts: 2.8K,
Visits: 0
|
+x+x+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? Err, yes he is. And yet his work continues
|
|
|
libel
|
|
Group: Banned Members
Posts: 3.7K,
Visits: 0
|
+x+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? Err, yes he is.
|
|
|
scott20won
|
|
Group: Forum Members
Posts: 2.8K,
Visits: 0
|
+x+x“News out of any national sporting body seldom rates a mention for dealmakers. But what about this line in a nondescript media release from Steven Lowy's Football Federation Australia: "FFA's intention to review the operating and ownership structure of the Hyundai A-League in order to attract more investment and increase the value of the league was also discussed." Got that? FFA is doing a Wesfarmers or Suncorp and, quite publicly, hanging up the for sale sign by telling anyone who is listening that it is considering ownership options for the country's football league. One option Street Talk is told that is actively under consideration is some sort of private equity involvement. It's accepted inside FFA that the current model is broken. FFA runs small losses, clubs run losses, television networks are bleeding and everyone thinks everyone else is getting too much. What's needed is a cash injection – and preferably one big hit to make one substantial step forward than try and do it the hard way. It sounds like a private equity job, if ever there was one. Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million or global giant CVC investing in Formula One racing. The question is who's willing to tip in the money and what would they be buying? We know private equity firms will look at anything they think they can turn a dollar out of, particularly if there is a regional growth story that can play out and be used to find an exit after a few years. It's hard to see one of the traditional media companies investing in the sport, given issues in their own backyards, while the elusive sports management companies are often talked about as acquirers but are yet to really put their money where their mouth is on these shores. As for what would be offered – dealmakers know the Lowys love a restructuring deal. If there is there is one thing FFA chair Steven Lowy wouldn't want to give away, it is control. How could a private equity investor make it work without taking control? That's the issue for investment bankers. You can bet there are some smart types at UBS who will be asked to make a few calls and see what is out there. After all, Matthew Grounds and Guy Fowler were integral to FFA's recent $254 million TV deal with Fox Sports. UBS Australia's top brass have an ongoing relationship with the Lowys, and FFA seems to be an extension of the mandate. http://www.afr.com/street-talk/ubs-could-score-in-ffa-private-equity-play-20170219-gug8db#ixzz4ZJh9FHMWHardly a new concept. This is Stevens legacy. it was also written into the independence deal - that FFA gets a cut from any future sales of the league. Just been reported - "Think Archer Capital buying a 65 per cent stake in V8 Supercars for $180 million" or global giant CVC investing in Formula One racing. V8Supercars is now worth 1/2 what they paid as TV deal talks falter (2017 article) . SLowy is long gone. Is he though? He started this ball rolling and his replacement and close working partner Nikou is just continuing with his plan.
|
|
|