Central Coast Mariners after new investors as cash crisis looms

Central Coast Mariners are the latest A-League club to be troubled financially with reports confirming they are seeking new investment.

Central Coast Mariners are the latest A-League club to be troubled financially with reports confirming they are seeking new investment.

The Mariners, who were runners-up to Brisbane Roar last season, have warned players and staff that their salaries are likely to be late as they are experiencing short-term cash difficulties.

“To continue the growth of the Mariners we need to replenish our capital and that’s what the talks aim to achieve," said Mariners chairman Peter Turnbull. "We are working with the FFA and have a sound business model in place.

“Our players and staff understand the situation and remain supportive of the club’s management.

“I want to assure our members and our fans that the foundation principles that underpin our club are non-negotiable.

“We are renowned as the community club of the Hyundai A-League due to our engagement with the people of the Central Coast.

"Those very strengths are what have attracted the potential new investors.

“Central Coast Mariners are in a good position. We are currently sitting second on Hyundai A-League ladder and are about to enter our second stint in the AFC Champions League.

“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."

 
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