Man City eye takeover bid for Sydney club - reports
Manchester City owner Sheikh Mansour bin Zayed Al Nahyan is reportedly considering expanding his portfolio with a bid for Australian premiers Western Sydney Wanderers.
The Australian Financial Review claims that City and one other Premier League club have made "preliminary inquiries" about taking over the recently formed A-League club.
Football Federation Australia, who own the Wanderers, recently appointed investment bank USB to find a buyer for the club and are reportedly open to offers of $15million.
That price tag has alerted a number of interested parties both down under and abroad with City's link piquing interest given they only recently acquired a franchise in the US.
New York City Football Club is to become the 20th club in Major League Soccer from 2015 after City sealed a $100m takeover in partnership deal with baseball giants the New York Yankees.
The deal was seen as the perfect way for City to grow their brand in the US, and the same could now be said for Oceania should the reports of a bid for the Wanderers prove accurate and they are successful.
It is claimed that a 50-page information memorandum on the Wanderers, who won the A-League title in their debut season after only coming into existence in 2012, has been drawn up to entice potential bidders.
The report is said to include details about the club, managed by former Australian international Tony Popovic, both from a footballing and commercial standpoint.
Despite making a $1.5m loss in their first season in operation, the future looks bright for the Wanderers, who are the second team to be based in Sydney after FC Sydney.
The club recently announced that they had sold 14,500 season-ticket sales for the upcoming campaign at their home ground, the Parramatta Stadium which has a capacity of just 20,000.
That, coupled with increased sponsorship revenue owing to their success last season, makes them an extremely attractive proposition for investors and explains why City have allegedly made their interest known.