Canberra United have welcomed the news of important funding from the ACT Government to help towards securing the future of the club for Season 17.
The ACT Government confirmed that they would be funding Canberra United with an additional one-off contribution of $200,000, in association with their annual subsidy of $250,000.
In March, Capital Football revealed they needed more investment to continue operating the team and that they recorded costs of $2.5m over the past two years.
ACT Minister for Sport and Recreation Yvette Berry said the additional funding provides the team and its partners certainty about next season.
Capital Football remain the only football association to operate an A-League team and chief executive Samantha Farrow said she only wants to run the club for one more season before handing it over to new investors that they have been in contact with for a while.
Whilst Canberra have pushed to also collect an important A-League’s men’s licence for a team in the capital, the negotiations remain unresolved, and the addition of Auckland FC don’t make it any easier.
The club were grateful for the football community’s fantastic support throughout their hard-fought campaign to save the club after fears of them going under in 2024.
“We thank the football community for supporting Canberra United through the ‘Save Canberra United’ fundraising campaign, and that, coupled with this generous contribution from the Government, certainly helps the club in our immediate requirements, but we still have some shortfall to cover costs for the new season,” the club said in a recent statement.
“Having said that, the Directors of the Capital Football Board have agreed to field a team in Season 17, and we look forward to working with Government, fans, and commercial, to give the club every opportunity going forward.”
Whilst the issue hasn’t been fully resolved, this is fantastic news for the league and Capital Football who have been given a lifeline by the ACT government.
For the club it’s about building off this to hopefully field a more professional and competitive side in future years whilst focusing on financial stability during a time of growth for the league.