The massive new A-League broadcasting deal will be a "financial game changer" for the Phoenix, allowing them to put their financial woes behind them.
Gareth Morgan, Rob Morrison and the rest of the Welnix consortium aren't short of a dollar - but they won't have to spend any money on salaries next season, with that expense fully covered by the league.
The broadcasting deal, which was confirmed last week, is worth A$160 million ($203 million) over four years, representing a 100 per cent increase on the previous agreement. It reflects the growth of the sport, with viewership figures having almost tripled since 2006, and will see free-to-air games every week. As a consequence of the windfall, the entire salary cap (currently A$2.5 million; $3.17 million) - which comprises the biggest single expense for the Phoenix - will be paid out of league coffers.
"Being self-sustaining was a core part of our future plans and this will certainly help accelerate it," says Phoenix chairman Rob Morrison.
"Crowds are still the most vital element for us but we now expect to break even next season. It also means we can put more money into off-field investment, to build a solid base for the club."