Adelaide United takeover officially announced
Football Federation Australia (FFA) has today announced the sale of Adelaide United FC to a highly respected local consortium lead by Robert Gerard that includes Dr Richard Noble, Bruno Marveggio and newly-appointed Chairman of Adelaide United Football Club Greg Griffin.
Since being handed back the license in May 2009, FFA has worked diligently during a transitional ownership phase in preparing the club for continued success both on and off the park.
Following the completion of the signing of agreements, which took place this morning at Adelaide United’s Hindmarsh Stadium headquarters, the Gerard Consortium successfully took control of the Club’s 10-year license which runs until 2020.
FFA CEO Ben Buckley said today’s signing was a great result for the people of Adelaide and a huge vote of confidence in the Hyundai A-League.
“This move will see Adelaide United go from strength-to-strength and be transformed into a true community Club owned by local Adelaide business people,” Buckley said.
“By putting the Club in the hands of a highly-respected, passionate and wholly local consortium lead by Robert Gerard, FFA has ensured the success and the future of Adelaide United Football Club.
“We were particularly impressed with the consortium’s business credentials and vision for the Club.
“FFA will continue to assist in the immediate short term to ensure the handover is smooth for the Club and its playing, coaching and backroom staff.
“Today is a fantastic day for the Club and the Adelaide community on mass as it delivers a team showing great results on the field being fully supported by a respected and committed community ownership group off the field.”