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