The Wellington Phoenix have addressed speculation that they are considering selling a large stake in the club to a Southwest Sydney consortium, after reports suggested New Zealand's only fully professional football club could be heading across the Tasman.
Yesterday, News Corp Australia reported that a memorandum of understanding had been agreed between the two parties. The sale would see the club become the third A-league side based in Sydney.
Southwest Sydney would reportedly host the majority of home games under the hybrid model, though some matches would still be played in Wellington. The team would play in black and white, but would don the yellow and black Phoenix strip for matches at Westpac Stadium. However, Football Federation Australia (FFA) had the power to block any potential merger.
FFA chief executive David Gallop confirmed with AAP that he held a meeting with Phoenix chairman Rob Morrison and director of the Southwest Sydney expansion bid, Gino Mirra, on Friday.
Read more: Exclusive: Wellington Phoenix not for sale