Adelaide United intent on remaining privately owned

A-League club Adelaide United are intent on remaining privately owned by South Australians.

A-League club Adelaide United are intent on remaining privately owned by South Australians.

The club is currently in danger of being handed over to Football Federation Australia but with the help of lawyer Greg Griffin, may be backed by a consortium of new investors.

Reports in The Advertiser suggest that a South Australian businessman believed to be worth more than $20 million will head the consortium.

"This person has the financial capacity and interest to do it and would be a wonderful person to be involved," said Griffin.

"There's interest. We need someone on the dance floor and someone else will follow. We have someone who has shown enthusiasm, is quite interested but wants to see who else could be in.

"We need people who want to put some reasonably serious cash into a business which has a very good long term future but isn't an immediate return investment.

"We have a good product for a company that wants to promote itself beyond SA. The links this club has built in the Asian football community in such a short period are extraordinary. The Adelaide United brand is highly recognised."