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Thursday 10 April 2008

A-League Franchise: $6 or $7 million

Central Coast Mariners CEO Lyall Gorman on funds required for starting an A-League team today.

You'd want at least $6 or $7 million of committed capital, and you'd want a lot of it up front. You can drip feed some, but you need to have it upfront so you're not chasing your tail. You going to have to be prepared to wear some losses in the first two or three years. So you need to have that cushion there so you're not behind the eight ball.

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