"FAW Welsh football bosses are heading to the United States of America in a Dragons Den-style bid to attract investors to Wales' top flight. And there is belief Cymru Premier clubs could benefit from the 'Wrexham effect' as they look to make the most of the trend of US ownership in British football. Football Association of Wales (FAW) officials are attending a global football business conference in Miami this week with the aim of promoting interest in its domestic clubs."
"The plan is to use the Soccerex event to showcase ongoing plans to grow the Cymru Premier, including a recent 6m cash injection from the governing body. But officials will also be attempting to highlight the possibilities of outside investment directly into clubs. The English Premier League and the EFL have both seen an increase in US ownership stakes in recent years, with the majority shareholding of Ryan Reynolds and Rob McElhenney at Championship Wrexham arguably the most high profile of the lot."
"While Wales have broken new ground on the international stage with qualifications for major tournaments for the men's and women's sides over the past decade the men's top-flight is still one of the lowest ranked in Europe. A new plan to boost the Cymru Premier is being phased in, including an expansion to 16 teams, primarily becoming a Friday night division, and new funding for full-time staff at each club to help improve marketing, commercial and business."
FAW officials are travelling to Miami to pitch Cymru Premier clubs to potential investors at the Soccerex conference. The FAW aims to showcase growth plans, including a recent 6m cash injection and proposals to expand the league to 16 teams and create a primarily Friday night division. Officials hope to highlight opportunities for direct outside investment, noting increased US ownership in English football and the Wrexham example. New funding will support full-time staff at each club to improve marketing, commercial and business operations. Every club has been assisted to prepare new public long-term strategies as part of the modernization drive.
Read at www.bbc.com
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