Adelaide United gets new owners

A consortium of businessmen has taken ownership of the Adelaide

United A-League football club.

The consortium of South Australia state businessmen, which

includes new chairmen Robert Gerard and Greg Griffin, have bought

the club’s license from Football Federation Australia, the FFA said


Adelaide United has been controlled by the FFA since May last

year when businessman Nick Bianco relinquished ownership.

The purchase price was not announced, but Griffin said the

consortium ”paid more than we wanted to and less than they (the

FFA) wanted.”

He said the consortium expected the club to make a profit.

”None of us expect this to be a loss making exercise,” he


Adelaide is currently second behind Brisbane in the 11-team

A-League standings.