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International Cricketer
BREAKING NEWS
North Queensland Fury axed from A-League
March 1, 2011
Football Federation Australia boss Ben Buckley confirmed North Queensland Fury had been axed from the A-League after being deemed "too big of a financial risk". Buckley flew into Townsville today with A-League boss Lyall Gorman to deliver the bad news to the Fury. North Queensland - solely owned by the FFA - had been asked by Buckley to secure half of the club's predicted $3 million shortfall for the 2011-12 season to ensure its future.Buckley said today that the Fury had secured less than $300,000 of the required $1.5 million capital that would have earned it a one-year conditional licence from the FFA. The axe fell even though the Fury claimed to have raised more than $1 million in sponsorship money and with a $500,000-a-year sponsor announcement looming. "While the club and the advisory board had attracted some very encouraging sponsorship commitments, the projected loss to run the club next season is still, in our assessment, in excess of $2 million," Buckley said. "FFA had been looking for capital from the campaign to set the foundations for a move to local ownership and a long-term future for the club. "However with the capital-raising falling well short of the target, FFA has had to make the hard decision that it cannot continue to own and finance the club in these circumstances." Buckley believed cutting the embattled Fury would strengthen the A-League.
He said continuing to fund North Queensland in excess of $2 million ??reduced the capacity to invest in the A-League as a whole??. ??We need to concentrate our resources on the growth, promotion and stability of the entire A-League competition and this level of investment would prevent us from undertaking programs to achieve the above,?? he said. ??Many leagues around the world have adjusted the composition of clubs in early years and we feel this move will strengthen the Hyundai A-League just as it did for Major League Soccer in the United States and the J-League in Japan. ??We acknowledge the region is an important development area for football and there are some fantastic supporters, and FFA remains committed with Football Queensland to nurturing football in North Queensland. ??I would like to thank everybody who supported the Fury including the fans, staff, players, sponsors and the Fury Advisory Board.?? The Fury have been cut after just two seasons. They entered the A-League in 2009-10 along with Gold Coast United, expanding the competition from eight to 10 teams. But the Fury never recovered from foundation owner Don Matheson?s withdrawal after their debut season. They received a lifeline from the FFA ahead of the 2010-11 kickoff and were asked to secure the $1.5 million capital to ensure their future late in 2010. The A-League will intend to continue with a 11-team competition following the introduction this season of Melbourne Heart. FFA will be accepting franchise applications for the admission into the 2011/2012 season.
Football Federation Australia boss Ben Buckley confirmed North Queensland Fury had been axed from the A-League after being deemed "too big of a financial risk". Buckley flew into Townsville today with A-League boss Lyall Gorman to deliver the bad news to the Fury. North Queensland - solely owned by the FFA - had been asked by Buckley to secure half of the club's predicted $3 million shortfall for the 2011-12 season to ensure its future.Buckley said today that the Fury had secured less than $300,000 of the required $1.5 million capital that would have earned it a one-year conditional licence from the FFA. The axe fell even though the Fury claimed to have raised more than $1 million in sponsorship money and with a $500,000-a-year sponsor announcement looming. "While the club and the advisory board had attracted some very encouraging sponsorship commitments, the projected loss to run the club next season is still, in our assessment, in excess of $2 million," Buckley said. "FFA had been looking for capital from the campaign to set the foundations for a move to local ownership and a long-term future for the club. "However with the capital-raising falling well short of the target, FFA has had to make the hard decision that it cannot continue to own and finance the club in these circumstances." Buckley believed cutting the embattled Fury would strengthen the A-League.
He said continuing to fund North Queensland in excess of $2 million ??reduced the capacity to invest in the A-League as a whole??. ??We need to concentrate our resources on the growth, promotion and stability of the entire A-League competition and this level of investment would prevent us from undertaking programs to achieve the above,?? he said. ??Many leagues around the world have adjusted the composition of clubs in early years and we feel this move will strengthen the Hyundai A-League just as it did for Major League Soccer in the United States and the J-League in Japan. ??We acknowledge the region is an important development area for football and there are some fantastic supporters, and FFA remains committed with Football Queensland to nurturing football in North Queensland. ??I would like to thank everybody who supported the Fury including the fans, staff, players, sponsors and the Fury Advisory Board.?? The Fury have been cut after just two seasons. They entered the A-League in 2009-10 along with Gold Coast United, expanding the competition from eight to 10 teams. But the Fury never recovered from foundation owner Don Matheson?s withdrawal after their debut season. They received a lifeline from the FFA ahead of the 2010-11 kickoff and were asked to secure the $1.5 million capital to ensure their future late in 2010. The A-League will intend to continue with a 11-team competition following the introduction this season of Melbourne Heart. FFA will be accepting franchise applications for the admission into the 2011/2012 season.