North Queensland Fury owner Matheson reveals multi-million dollar investment close
North Queensland Fury owner Don Matheson has revealed he's in talks with a local consortium to sell a 20 per cent stake in the club worth $2 million.
There is also an interested overseas investor and another from outside of Queensland arriving in Townsville later this month to discuss a possible $1.5 million injection.
''I seriously want a broad-based ownership club. One group's capable of doing it (owning the NQ Fury) on its own, but that's not where we want them to be,'' Matheson told the Townsville Bulletin.
''We will try to keep the international groups down to about the 25 per cent mark. We just see that it's important that the club retains 50 per cent ownership locally, it's important that it will always be a North Queensland club.''
In the prospectus shown to potential club investors, the long-term financial plan sees 50 per cent of ownership from NQ, 10 per cent from the Asia Pacific region and 15 per cent from European clubs.
The final 25 per cent will remain with Matheson, which would be $2.5 million of the Fury's estimated $10 million worth. While a financial drain - the club has leaked $1.5 million in their debut season - is expected again next season, he was confident of breaking even by season three.