Man City linked with Australia A-League team buyout
Manchester City could be about to spend almost £9m buying out an Australia A-League side, Western Sydney Wanderers, ESPN has reported.
A report from the Australian Financial Review claims that City are one of two Premier League teams interested in purchasing the Wanderers, who were only formed in 2012 and won the league title at the first attempt. The Wanderers’ league victory saw them qualify for the grand final, where they were beaten by Central Coast Mariners.
City would have to pay £8.7m to take full control of the Wanderers, who are currently owned by Football Federation Australia. The governing body has asked UBS to find a buyer for the franchise before October, when the new season is due to start.
If City were to invest in the team it would be the second such move by the former Premier League champions, who recently announced a partnership with the New York Yankees to create a new Major League Soccer franchise, New York City Football Club. There are however understood to be a number of Australian groups keen on taking on the Sydney team.
See what the expert tipsters are tipping on OLBG