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.
In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.
Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.
The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.
Political Instability
The new prime minister faces a divided parliament and must secure budget approval by October 7.
The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.
The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.
The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.
ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.
ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.
The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.