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Nth Qld Fury owner Matheson to step down, FFA facing huge debt

Submitted by Andrew Slevison on Wed, 03/03/2010 - 22:33

North Queensland Fury owner Don Matheson has scaled down his investment with the club after reports suggest he is losing up to $50,000 a week.

It is believed Matheson wants to turn the club into a community-run club and not a sole-owned franchise and will meet with Football Federation Australia late this week to try and work out a solution.

After the first season of being a 10-club competition, the A-League is expected to lose up to $20million with some clubs, particularly the Fury, losing money on gate revenue among other things.

A-League boss Archie Fraser admitted there would be a loss but says there is not much to worry about.

“The figures have to be put into perspective," Fraser said. "Some $16m of that loss comes from just three clubs - Sydney FC will lose between $5m-$7m and Gold Coast and North Queensland around $5m each.

"Look, there is no doubt we have to get the model right. Some clubs are doing better than others. Melbourne (Victory) will make a small profit and while Adelaide United will lose around $1.3m, we are happy with the progress being made there."

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Comments (1)

Submitted by pete (not verified) on Thu, 03/04/2010 - 08:11.

Goes without saying hopefully the FFA can negotiate a better TV deal next time around

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