FC32 ends financing of Austria’s SKN with immediate effect. Are Cobh Ramblers next? - Inside World Football

"Crone-editor Chris Thor sheds light in his column on the investor quake on the Traisen, which leaves many question marks. According to Italy insider, the financially battered US company FC32, which completely surprisingly turned its back on St. Pölten, only wants to support one club. The departure of owner Paul Francis is reminiscent of dark times ...

FC32 ends financing of Austria’s SKN with immediate effect. Are Cobh Ramblers next? - Inside World Football

April 4 – US-backed club investor FC32, led by Australian Paul Francis, which was buying its way into lower tier European clubs in a bid to develop and sell playing talent, has pulled out of second tier Austrian Club SKN St. Polten at short notice. The FC32 investment model was to gradually buy into clubs, supplying cash over a period of time with a view to unlocking the talent existing in youth teams and club academies. Read more … The post FC3…

No year after the conclusion of the contract, the investor's dreams with football second division SKN St. Pölten have been dreamed out again. On Thursday, the "Wölfe" announced the immediate exit of FC32, which had anchored in Lower Austria's capital in April 2024. Against all expectations, the planned long-term engagement of the Australians was now a short performance - but the game operation was "for the time being" secured, it was said by the…

SKN financier FC32 is on the brink of bankruptcy. New investors are to save the second division. In St. Pölten negotiations are held with two interested parties.