Mariners: Foundation Principles Non-Negotiable

Central Coast Mariners have today confirmed that talks are underway with potential new investors in the Hyundai A-League club.

Central Coast Mariners have today confirmed that talks are underway with potential new investors in the Hyundai A-League club.

The Mariners have taken the step of announcing the existence of talks to assure the Central Coast community that the foundation principles of the club will be protected.

“We are renowned as the community club of the Hyundai A-League due to our engagement with the people of the Central Coast,” said Central Coast Mariners chairman, Peter Turnbull.

“I want to assure our members and our fans that the foundation principles that underpin our club are non-negotiable. Those very strengths are what have attracted the potential new investors.

“To continue the growth of the Mariners we need to replenish our capital and that-s what the talks aim to achieve.

“The Central Coast community is rightly proud of what the Mariners have built and this process is about making our house sustainable for the long-term.”

Mr Turnbull stated that the club is still on firm footing, but is experiencing short-term cash flow difficulties.

“Our players and staff understand the situation and remain supportive of the club-s management,” said Turnbull.

“We are working with the FFA and have a sound business model in place. Our long-term vision for a diversified business includes the Centre of Excellence, the first stage of which sees the Soccer5s complex having its first open day next Wednesday.

“Central Coast Mariners are in a good position. We are currently sitting second on Hyundai A-League ladder and are about to enter our second stint in the AFC Champions League.

“I have no doubt Central Coast Mariners will go from strength to strength and with the investment of new capital we will only become a stronger force in Australian football,” Turnbull concluded.

Talks with the potential investors remain Commercial in Confidence and no further comment will be made by the club at this stage.