a-league

LAFC, QPR owners buy A-League's Central Coast Mariners - ESPN

The owners of LAFC and QPR have completed the acquisition of Central Coast Mariners in the A-League, signaling a new chapter for the club with potential growth and investment.

The Central Coast Mariners have secured their future following a takeover by Total Soccer Growth Holdings (TSG), the majority shareholders of Championship club Queens Park Rangers (QPR). This acquisition ends a period of uncertainty for the A-League club, which has faced challenges in recent months.

New Ownership and Future Plans

TSG, which also holds a stake in MLS side LAFC, confirmed their new role as the Mariners' backers on Tuesday. The group is led by Malaysian businessman Ruben Gnanalingam. While TSG has committed to the men's team, the future of the club's women's side remains uncertain. Gnanalingam expressed enthusiasm for Australian football, stating, "We see Australian football as a major growth area in the sport internationally," and emphasized the importance of nurturing local talent.

Challenges Ahead

The Mariners have relied on support from the Australian Professional Leagues (APL) since January, when former owner Mike Charlesworth lost his license. Gnanalingam acknowledged the turbulent season the club has experienced and pledged to restore enthusiasm for the team. Additionally, TSG is exploring the possibility of selling a minority stake in the Mariners to the Holman Barnes Group, which owns the NRL's Wests Tigers.

As part of the takeover, TSG also acquired the club's academy. However, Gnanalingam's immediate priority will be to appoint a new manager for the senior men's team, as Warren Moon, who led the Mariners to a ninth-place finish last season, has indicated he will not continue for the upcoming campaign.

Future of the Women's Team

The APL is actively seeking a buyer for the Central Coast Mariners' A-League Women side, aiming to finalize a deal within six weeks. The Mariners now join Canberra United as clubs without owners, with the APL expecting to announce a preferred partner for Canberra soon. APL chief executive Steve Rosich noted that the women's team could not be included in the new operations with TSG and emphasized the need for specific investment to ensure the team's participation in the upcoming season.

The Mariners' new ownership marks a pivotal moment for the club as they look to rebuild and move forward in the A-League.

Source: espn.com