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Mariners raise money for centre of excellence

Central Coast Mariners

Central Coast Mariners have allocated a subscription of a further $1 million worth of shares in the Mariners by the Mariners FC Unit Trust in oder to raise capital to build a training complex.

The state of the art complex will include a Youth Academy and administrative centre that will be one of a kind in Australia.

“This additional investment by the Mariners FC Unit Trust into the Mariners will see the acceleration of a range of off-field initiatives that will provide for the future of our club today, tomorrow and well into the future.” said Mariners Executive Chairman Lyall Gorman.

The Mariners FC Unit Trust has been boosted by investment from Kevin McCabe’s Scarborough Group International Ltd.

McCabe is the major shareholder of English League Championship heavyweights Sheffield United, which owns controlling interests in Chinese Super League side Chengdu Blades, Hungarian club Ferencvaros and the United Arab Emirates based Dubai Blades.

“By joining forces with Peter Turnbull in the Mariners FC Unit Trust, we have ensured that the Mariners are in a strong position to, amongst many other things, develop and establish their youth development and talent identification initiatives,” said McCabe.

“Through the worldwide network of clubs that now includes the Mariners, we have set up pathways for player and staff exchanges between the clubs concerned and have opened up a fresh association of sponsorship opportunities.

“Given Sheffield United’s experience in generating alternate revenues to football, we will ensure that the Mariners are established for the long term and continually challenging for top honours in the future, as they have done since their inception.”

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Real Football

Published on December 11, 2008

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