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Santos $36bn takeover bid hits huddles

Santos $36bn takeover bid hits huddles

ABC's chief business correspondent, Ian Verrender, says even if the due diligence gets across the line and and Santos strike a deal, it's going to take another four weeks to get approvals from within XRG Consortium, led by Abu Dhabi National Oil Company.
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A-League: Western United appeals against licence stripping
A-League: Western United appeals against licence stripping

Courier-Mail

time3 hours ago

  • Courier-Mail

A-League: Western United appeals against licence stripping

Don't miss out on the headlines from Football. Followed categories will be added to My News. Western United has lodged its appeal against Football Australia's decision to strip the club of its A-League licence. Having asked for an extension, United had until 10am on Thursday to submit the appeal. The club announced on Wednesday night that the appeal had been lodged. 'As this is a regulatory process, the club will be making no further comment at this time,' a United statement said. FA, which stripped the financially embattled United of its A-League licence on August 8 for failing to meet the criteria required to compete in the national men's and women's competitions, is expected to give its verdict on the appeal next week. The club's financial woes include a multimillion-dollar tax bill reportedly owed by United chairman Jason Sourasis. Players and staff received their monthly wages late in April, May and June and were only paid overdue superannuation payments earlier this month. In May, United announced that KAM Melbourne, a subsidiary of American company KAM Sports, would become the club's new majority investor. However, the Australian Professional Leagues is yet to receive KAM Melbourne's full ownership proposal – understood to be worth $100m when including the purchase of the club's parent company Western Melbourne Group – and therefore cannot approve it. United was also banned by FIFA from registering players due to a six-figure sum that was owed to the club's former striker and 2022 A-League title-winner Aleksandar Prijovic. The ban led to United this week releasing former Sydney FC striker Jaiden Kucharski, who had only joined the club last month. Originally published as Western United lodges appeal in fight against its A-League licence being stripped

Western United lodge appeal in A-Leagues licence fight
Western United lodge appeal in A-Leagues licence fight

The Advertiser

time15 hours ago

  • The Advertiser

Western United lodge appeal in A-Leagues licence fight

Western United have lodged an appeal against the decision to strip the club of their A-Leagues licence. United filed the appeal on Wednesday night ahead of the August 21 deadline set by Football Australia's First Instance Board (FIB) - an independent body responsible for club licensing. A brief statement released on the club website stated they would not be making further comments, given the regulatory process. United, based in Tarneit in Melbourne's western suburbs, was stripped of their licence for the men's and women's leagues by FIB on August 8 due to ongoing financial issues. It left United on the brink of folding and players and staff in limbo, just three years after their first A-League Men championship. The club vowed to appeal the decision and originally had until August 16 to submit their appeal, but requested an extension to 10am on August 21. United have been in financial turmoil for months, with the club's current owners unable to satisfy the financial criteria required to maintain their licence. A planned takeover by American group KAM Sports was announced in May. But the change has yet to be ticked off by the Australian Professional Leagues, because KAM hasn't submitted its full ownership proposal. Players and staff were paid late in April through to June, while superannuation payments were also delayed. The club has also been unable to register players due to a FIFA ban related to an ongoing dispute with former striker Aleksandar Prijovic. That ban meant now-departed Jaiden Kucharski and captain Ben Garuccio could not be registered in time to play in United's Australia Cup round-of-32 loss to Sydney FC. The United saga is also having an effect on other clubs, who are yet to receive their fixtures and therefore cannot plan for the season ahead or ramp up their marketing and membership sales. Western United have lodged an appeal against the decision to strip the club of their A-Leagues licence. United filed the appeal on Wednesday night ahead of the August 21 deadline set by Football Australia's First Instance Board (FIB) - an independent body responsible for club licensing. A brief statement released on the club website stated they would not be making further comments, given the regulatory process. United, based in Tarneit in Melbourne's western suburbs, was stripped of their licence for the men's and women's leagues by FIB on August 8 due to ongoing financial issues. It left United on the brink of folding and players and staff in limbo, just three years after their first A-League Men championship. The club vowed to appeal the decision and originally had until August 16 to submit their appeal, but requested an extension to 10am on August 21. United have been in financial turmoil for months, with the club's current owners unable to satisfy the financial criteria required to maintain their licence. A planned takeover by American group KAM Sports was announced in May. But the change has yet to be ticked off by the Australian Professional Leagues, because KAM hasn't submitted its full ownership proposal. Players and staff were paid late in April through to June, while superannuation payments were also delayed. The club has also been unable to register players due to a FIFA ban related to an ongoing dispute with former striker Aleksandar Prijovic. That ban meant now-departed Jaiden Kucharski and captain Ben Garuccio could not be registered in time to play in United's Australia Cup round-of-32 loss to Sydney FC. The United saga is also having an effect on other clubs, who are yet to receive their fixtures and therefore cannot plan for the season ahead or ramp up their marketing and membership sales. Western United have lodged an appeal against the decision to strip the club of their A-Leagues licence. United filed the appeal on Wednesday night ahead of the August 21 deadline set by Football Australia's First Instance Board (FIB) - an independent body responsible for club licensing. A brief statement released on the club website stated they would not be making further comments, given the regulatory process. United, based in Tarneit in Melbourne's western suburbs, was stripped of their licence for the men's and women's leagues by FIB on August 8 due to ongoing financial issues. It left United on the brink of folding and players and staff in limbo, just three years after their first A-League Men championship. The club vowed to appeal the decision and originally had until August 16 to submit their appeal, but requested an extension to 10am on August 21. United have been in financial turmoil for months, with the club's current owners unable to satisfy the financial criteria required to maintain their licence. A planned takeover by American group KAM Sports was announced in May. But the change has yet to be ticked off by the Australian Professional Leagues, because KAM hasn't submitted its full ownership proposal. Players and staff were paid late in April through to June, while superannuation payments were also delayed. The club has also been unable to register players due to a FIFA ban related to an ongoing dispute with former striker Aleksandar Prijovic. That ban meant now-departed Jaiden Kucharski and captain Ben Garuccio could not be registered in time to play in United's Australia Cup round-of-32 loss to Sydney FC. The United saga is also having an effect on other clubs, who are yet to receive their fixtures and therefore cannot plan for the season ahead or ramp up their marketing and membership sales.

Western Utd to lodge appeal in A-Leagues licence fight
Western Utd to lodge appeal in A-Leagues licence fight

The Advertiser

time20 hours ago

  • The Advertiser

Western Utd to lodge appeal in A-Leagues licence fight

Western United are set to appeal the decision to strip the club of their A-Leagues licence. AAP understands United will file the appeal on Thursday morning before the 10am deadline set by Football Australia's First Instance Board (FIB) - an independent body responsible for club licensing. The club, based in Tarneit in Melbourne's western suburbs, was stripped of their licence for the men's and women's leagues by FIB on August 8 due to ongoing financial issues. It left United on the brink of folding and players and staff in limbo, just three years after their first A-League Men championship. The club vowed to appeal the decision and originally had until August 16 to submit their appeal, but requested an extension to August 21. Should the club fail to make the deadline on Thursday morning, their right to appeal will lapse. United have been in financial turmoil for months, with the club's current owners unable to satisfy the financial criteria required to maintain their licence. A planned takeover by American group KAM Sports was announced in May. But the change has yet to be ticked off by the Australian Professional Leagues, because KAM hasn't submitted its full ownership proposal. Players and staff were paid late in April through to June, while superannuation payments were also delayed. The club has also been unable to register players due to a FIFA ban related to an ongoing dispute with former striker Aleksandar Prijovic. That ban meant now-departed Jaiden Kucharski and captain Ben Garuccio could not be registered in time to play in United's Australia Cup round-of-32 loss to Sydney FC. The United saga is also having an effect on other clubs, who are yet to receive their fixtures and therefore cannot plan for the season ahead or ramp up their marketing and membership sales. Western United are set to appeal the decision to strip the club of their A-Leagues licence. AAP understands United will file the appeal on Thursday morning before the 10am deadline set by Football Australia's First Instance Board (FIB) - an independent body responsible for club licensing. The club, based in Tarneit in Melbourne's western suburbs, was stripped of their licence for the men's and women's leagues by FIB on August 8 due to ongoing financial issues. It left United on the brink of folding and players and staff in limbo, just three years after their first A-League Men championship. The club vowed to appeal the decision and originally had until August 16 to submit their appeal, but requested an extension to August 21. Should the club fail to make the deadline on Thursday morning, their right to appeal will lapse. United have been in financial turmoil for months, with the club's current owners unable to satisfy the financial criteria required to maintain their licence. A planned takeover by American group KAM Sports was announced in May. But the change has yet to be ticked off by the Australian Professional Leagues, because KAM hasn't submitted its full ownership proposal. Players and staff were paid late in April through to June, while superannuation payments were also delayed. The club has also been unable to register players due to a FIFA ban related to an ongoing dispute with former striker Aleksandar Prijovic. That ban meant now-departed Jaiden Kucharski and captain Ben Garuccio could not be registered in time to play in United's Australia Cup round-of-32 loss to Sydney FC. The United saga is also having an effect on other clubs, who are yet to receive their fixtures and therefore cannot plan for the season ahead or ramp up their marketing and membership sales. Western United are set to appeal the decision to strip the club of their A-Leagues licence. AAP understands United will file the appeal on Thursday morning before the 10am deadline set by Football Australia's First Instance Board (FIB) - an independent body responsible for club licensing. The club, based in Tarneit in Melbourne's western suburbs, was stripped of their licence for the men's and women's leagues by FIB on August 8 due to ongoing financial issues. It left United on the brink of folding and players and staff in limbo, just three years after their first A-League Men championship. The club vowed to appeal the decision and originally had until August 16 to submit their appeal, but requested an extension to August 21. Should the club fail to make the deadline on Thursday morning, their right to appeal will lapse. United have been in financial turmoil for months, with the club's current owners unable to satisfy the financial criteria required to maintain their licence. A planned takeover by American group KAM Sports was announced in May. But the change has yet to be ticked off by the Australian Professional Leagues, because KAM hasn't submitted its full ownership proposal. Players and staff were paid late in April through to June, while superannuation payments were also delayed. The club has also been unable to register players due to a FIFA ban related to an ongoing dispute with former striker Aleksandar Prijovic. That ban meant now-departed Jaiden Kucharski and captain Ben Garuccio could not be registered in time to play in United's Australia Cup round-of-32 loss to Sydney FC. The United saga is also having an effect on other clubs, who are yet to receive their fixtures and therefore cannot plan for the season ahead or ramp up their marketing and membership sales.

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