Auckland FC had an impressive debut season as an expansion club in Australasian sport, marked by pivotal moments on and off the field. American billionaire Bill Foley entered the A-League licence race late but secured ownership after a rival consortium faltered, bringing with him high standards and valuable connections, including those to AFC Bournemouth. Additionally, the Warriors revitalized Mt Smart Stadium, creating a popular venue that positively influenced local perceptions, setting the stage for Auckland FC’s successful kickoff.
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Fletcher Building expects $575m to $781m hit to bottom line: New losses forecast
Fletcher Building has projected significant items impacting its financial results, estimating losses between $573 million and $781 million for the fiscal year ending June 30, 2025. Prior to accounting for these losses, the company anticipates earnings before interest and tax (EBIT) of $386.4 million to $391.4 million, with institutional investors expressing concerns over lowered profit expectations. Need More Context? 🔎
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