Football Federation Australia (FFA) chairman Frank Lowy has declared the surplus from the expected sale of Western Sydney Wanderers will be split between the nine other A-League football clubs.
Lowy confirmed a Western Sydney deal with a four-man consortium headed by Primo Smallgoods businessman Paul Lederer is worth A$10m (€6.5m/$9.1m) and that women's football in Australia is also set to benefit.
Lowy did not place a value on the surplus, although the club only made a loss of A$1.5m last year, when it finished top of the league in its debut season before losing 2-0 to Central Coast Mariners in the 2012-13 Grand Final.
“We’ve told them we will share it with them, share the surplus,” Lowy said, according to the Daily Telegraph newspaper. “I’m not here to tell you what the final result is, and we don’t have the final result yet, but we will share it with them.
“The whole of the game will benefit. Resources both human and financial will be dedicated to (women’s football) because I believe there is a big future in it. The Wanderers had a very good year and became premiers, they have wonderful support, so it has been a very rewarding exercise. I’m always looking for success, and the achievement has been great.”
The FFA started the Wanderers with the help of $4m in federal funding almost two years ago, and has been eager to sell the club.