We probably haven't really seen it in Australia because you don't have privately owned soccer clubs with legacy ownership of stadium assets. You need to have assets to strip in the first place! The few semi pro soccer clubs that own their own stadium in Australia are actually clubs that can't be easily sold off to a would be asset stripperIs it plausible that the whole deal and backing could be susceptible to a laundering type deal or backer?
There was an international soccer magazine that recently published ten ways on how laundering works in the football game or something along these lines. It highlighted the asset stripping that is going on in England and some similar scenarios in Europe with developments.
I know it’s something we haven’t really seen in Australia but the whole deal seems fishy with the silent backers from the get go as well as one of the Directors companies will be building the ground in the future.
Something is clearly not right with the Wyndham / Western United set up but I'd say the most likely scenario is people enthralled in delusions of grandeur. There is certainly no way that both public interest and commercial profit are being met here. I'd say there are some particularly gullible people pushing this within Wyndham Council. Either way, it is just a matter of what kind of "bad" this ends up playing out.