Australia’s ‘A-league’ has grown considerably in recent years, yet still lurks in the shadows of the AFL and NRL – unable to attract the sponsorship and audience of the country’s major sporting codes.
Despite this, the A-league has attracted a swathe of foreign investors who view the league as a small, burgeoning market, ripe for foreign investment and growth.
But exactly how deep these investments run throughout the league remains unclear.
A recent investigation by the ABC’s Four Corners revealed that almost half of the clubs in the A-league are owned by foreign investors – each with a peculiar backstory.
The program exposed the foreign entities funding Melbourne City, Sydney FC, Brisbane Roar, as well as the unknown Dutch consortium backing Adelaide United.
Last seasons premiers Melbourne City (formerly Melbourne Heart) were famously snapped up in 2014 by the City Football Group, (CFG) the sports investment company headed by Sheikh Mansour bin Zayed Al Nahyan, a member of Abu Dhabi’s royal family.
Manchester City chairman Khaldoon Al Mubarak (left) pictured with owner Sheikh Mansour bin Zayed Al Nahyan (centre) and vice-chairman Simon Pearce (right)
CFG own a majority stake in a range of clubs around the world – its flagship team Manchester City is a footballing giant on the English and European stage.
Manchester City chairman Khaldoon Al Mubarak and vice-chairman Simon Pearce, aside from their football interests, are both senior advisers to the Abu Dhabi government.
Al Mubarak also serves as an adviser to the Crown Prince and de facto ruler of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan, who is deputy supreme commander of the nation’s military.
‘Sportswashing’ accusations levelled at foreign investors
The United Arab Emirates have long been criticised by humanitarian organisations for human rights abuses, as well as the ‘soft power’ strategy employed by the government to portray the country as a progressive nation.
Amnesty International has called for urgent action in the A-league, accusing the City Football Group and its owners of ‘sportswashing’: using the positive publicity garnered by the success of their clubs to rehabilitate their nation’s image.
Melbourne City is one of several CFG clubs, including Manchester City, that are being used to promote next month’s World Expo in Dubai.
The Bakrie Group seized control of the Brisbane Roar in 2011.
Brisbane owners linked to match-fixing scandal
Brisbane Roar is fully owned by an Indonesian conglomerate known as the Bakrie Group, who have extensive mining, banking and agriculture interests.
Their purchase of the Roar in 2011 marked the first time an A-league club would be fully owned by a foreign entity.
The head of the Bakrie family is Aburizal Bakrie, an Indonesian politician and former chairman of the infamous Golkar political party, widely known for its history of corruption.
The Bakrie Group own Brisbane Roar through an Indonesian holding company, Pelita Jaya Cronus.
A director at the company and former acting chairman of the Indonesian soccer association, Joko Driyono, was charged in 2019 for interfering with evidence in a police investigation into match-fixing in Indonesian football.
Joko Driyono is a director at Pelita Jaya Cronus, the holding company of the Brisbane Roar.
Driyono served an 18 month prison sentence and has since been released, resuming his position on the board of directors at Pelita Jaya Cronus.
It is uncertain as to whether competition regulator Football Australia is aware of how closely connected Driyono is with Brisbane Roar, or if they are aware of his connection to the club at all.
Exactly how much money foreign investors have injected into the A-league isn’t publicly available
Football Australia relinquished control over the A-league last year, handing commercial control back to the clubs.
The wealthy business owners and global consortiums with controlling interest in clubs were given direct say in how the competition and their teams would be financed.
There are currently no figures which track investments into teams, and A-league clubs operate as private companies who aren’t required to disclose financial statements.
This leaves an obscure and often complex paper trail which poses a significant challenge to transparency and accountability in Australian football.
Gold prices fall over 2% to below $4,000, as investors shift from safe-haven assets after Gaza ceasefire news.
Gold prices have fallen sharply, dropping over two per cent to below $4,000 per ounce, as investors took profits following the announcement of a Gaza ceasefire agreement. The deal between Israel and Hamas triggered a shift away from safe-haven assets, with silver and platinum also sliding.
The U.S. dollar strengthened as markets responded to the news, making precious metals more expensive for foreign buyers. Analysts say the pullback is likely temporary, with long-term demand for gold and silver expected to remain strong amid global instability and rising debt levels.
Market experts warn that volatility will continue as geopolitical tensions persist, even as short-term optimism grows around the Middle East peace process.
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In Short:
– Gold prices fell over 2% to below $4,000 per ounce due to a stronger dollar and profit-taking.
– Silver eased to $48.93 per ounce, influenced by market activity and ongoing high demand despite supply issues.
Gold prices fell over 2% on Thursday, dropping below $4,000 per ounce. The decline followed a strong rise earlier in the year and was influenced by a stronger dollar and profit-taking after a ceasefire deal between Israel and Hamas.Spot gold decreased to $3,959.48 per ounce, while U.S. gold futures for December delivery settled at $3,972.6.
Silver also experienced a slight decline, easing from its record high to $48.93 per ounce. The dollar index increased, making gold more expensive for overseas buyers.
Traders noted increased activity in the market as profit-taking coincided with reduced tensions in a historically volatile region.
An independent metals trader stated that while gold and silver may need to consolidate further, the underlying demand drivers remain intact.
Market Overview
Gold surpassed $4,000 per ounce on Wednesday, reaching $4,059.05, boosted by geopolitical tensions and strong demand from central banks. The asset has gained about 52% this year, reflecting a significant increase due to various economic factors. The U.S. central bank’s decision to cut rates in September also contributed to the rally, with expectations for future cuts in the coming months.
Silver’s price increase of 69% this year is tied closely to similar economic trends impacting gold. Notably, liquidity issues in the silver market are being exacerbated by strong demand and tight supply conditions. Other precious metals, such as platinum and palladium, also saw declines during this period.
In Short:
– North Korean hackers stole over $2 billion in cryptocurrency in 2025, nearly tripling last year’s total.
– A shift to social engineering tactics has led to increased targeting of high-net-worth individuals for cyber attacks.
North Korean hackers have reportedly stolen over $2 billion in cryptocurrency assets in 2025, setting a record with three months still left in the year.
Data from blockchain analytics firm Elliptic indicates that this amount nearly triples the total stolen last year, accounting for approximately 13% of North Korea’s estimated GDP and raising the regime’s total crypto theft to over $6 billion since 2017.
A significant portion of the 2025 theft is attributed to the February hack of cryptocurrency exchange Bybit, which amounted to $1.46 billion.
The FBI has linked this breach to state-sponsored North Korean hackers, who exploited weaknesses in Bybit’s wallet management system. More than 30 additional cyber attacks have also been associated with North Korea this year, including notable breaches at LND.fi and WOO X.
Shift In Tactics
A shift in methodology among North Korean hackers has been observed, as they now focus on social engineering rather than technical exploits. According to Elliptic, the primary vulnerability lies with individuals rather than technology.
High-net-worth individuals and corporate executives are increasingly targeted due to their relatively weaker security measures.
The hackers utilise deceptive tactics, including phishing schemes and fake job offers, to access private cryptocurrency wallets. Intelligence reports suggest that the stolen funds are used to finance North Korea’s nuclear programmes.
The regime has also improved its money laundering techniques by employing various cryptocurrencies and mixing methods to obscure fund origins. Blockchain analysts are actively tracking these stolen assets, with notable progress achieved in identifying recoverable funds.