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Why buy a player when you can buy a team? Man City consider £9m swoop for Aussie side Western Sydney Wanderers

Published: 04:31 EDT, 26 August 2013 | Updated: 05:13 EDT, 26 August 2013

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Manchester City are considering the possibility of buying out Australian side Western Sydney Wanderers in a deal mooted to be worth £8.7million [$15,000,0000].

The club, owned by Football Federation Australia, was founded in 2012 and won the A-League at the first attempt, with former Crystal Palace defender Tony Popovic managing the side.

The Australian Financial Review report that City, along with one other unnamed Premier League club, are investigating the potential of buying a stake in the Sydney side and are refusing to rule out a complete buy-out.

Winning Down Under: The Wanderers pose for a team shot during the A-League 2013 Grand Final

Surprise defeat: Fraizer Campbell of Cardiff is fouled by Yaya Toure of Manchester City on Sunday

Growing popularity: Western Sydney Wanderers fans cheer on their side during the A-League 2013 Grand Final

Australian football's governing body are reportedly keen to move the club into private ownership and have charged investment bank UBS with the responsibility of identifying a buyer before the start of the next A-League season in October.

The firm have put together a 50-page booklet on the recently-founded Wanderers, featuring in-depth information taking in the club's financial situation, commercial partnerships, the playing squad and the coaching staff.

The club have made an extraordinary impact on Australian football, and have already announced that their targets for season-ticket and membership sales have been met ahead of their second season, with the Wanderers also set to compete in the Asian Champions League.

The club's Parramatta Stadium boasts a capacity of 20,000 and the financial outlook is positive, with chairman Lyall Gorman predicting that Wanderers will break even next season, while also revealing that the mere presence of the club has brought in around £10.4million to the Parramatta region.

City, who are pursuing an aggressive commercial strategy aimed at boosting revenue and increasing the club's worldwide presence, face competition with several Australian parties and other organisations abroad also interested.

City's global outlook has taken on renewed prominence in recent months. In April, City confirmed a groundbreaking partnership with the New York Yankees to become the first European club to own a team in the American MLS, while plans to expand the Etihad stadium in Manchester are being discussed.