Overview

• KAM Sports, through its subsidiary KAM Melbourne, has agreed to acquire over 65% of Western United and its parent company, Western Melbourne Group, for approximately AUD 100 million.
• The acquisition is pending regulatory approvals from the Australian Professional Leagues, Football Australia, and the Foreign Investment Review Board before finalization.
• KAM Sports has committed to funding the construction of a 15,000-seat stadium in Tarneit, a key promise from Western United’s 2018 A-League expansion bid.
• The investment will address Western United’s financial struggles, including an Australian Taxation Office winding-up order and a FIFA player-registration ban, which KAM plans to resolve by paying the necessary fees.
• This marks KAM Sports’ first investment in Australia, combining their expertise in real estate and sports to stabilize the club and engage the local community.