US-based property investor Maciek Kaminski will take majority ownership of A-League team Western United in a reported $100 million deal that staves off financial failure for the club and its parent company in the face of mounting calls from creditors for it to be wound up.
Kaminski plans to progress the club’s plan for a multipurpose development incorporating a 15,000-seat soccer stadium, alongside 900 new residences as well as retail and commercial outlets at a site in Tarneit, 25 kilometres west of Melbourne’s CBD.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
