While the "unbundling" of the A-League is set to be finalised before Christmas, Football Australia will still have the final say on whether Canberra is part of any future expansion.
Don't worry, it won't be mining magnate Clive Palmer in charge - having briefly set up a rebel organisation called Football Australia in 2012 - but simply Football Federation Australia undergoing a name change.
The FFA became Football Australia at their AGM on Wednesday.
Unbundling refers to the A-League clubs replacing FA in running the competition, with the FA to receive 10 per cent of the next broadcast deal - with the current one expiring in June.
FA chief executive James Johnson said they would still be the ones in charge of any A-League expansion in the future, but didn't mention if the Canberra bid led by Michael Caggiano and Bede Gahan was any closer to getting a team.
Canberra United, the ACT's W-League team, will be uncoupled from FA like the A-League teams though.
"The Canberra licence for the W-League will move across. This has been agreed with the clubs," Johnson said.
"As for future expansion, what we've agreed as part of the unbundling agreement is that Football Australia would retain the legal decision rights over expansion.
"It would also set the criteria around what expansion would look like.
"But then it would be administered by the clubs. It's something we're collaborating closely with the clubs on."
MORE CANBERRA NEWS
Johnson insisted FA's rebranding wouldn't cost anything as the governing body prepares for a loss of $7.3 million for the 2020/21 financial year.
FA announced it had lost $1.814 million in the 2019/20 financial year, with the loss of crowds due to the COVID-19 pandemic and a significant reduction in the A-League broadcast deal stripping the governing body of millions of dollars.
A year earlier, FA recorded a net surplus of $435,000.
As of June 30, FA had total assets of $44.319 million and total liabilities of $39.788 million, equating to net assets of $4.531 million.
Their net assets were $6.436 million a year earlier.
Worryingly, the biggest financial hits are still to come.
FA has budgeted for a drop in revenue from $106.4 million in 2019/20 down to $82.7 million in 2020/21.
A big proportion of that is due to the renegotiated broadcast deal.
FA's broadcast deals netted $50.8 million in cash last financial year, but that is budgeted to fall to $29.7 million in 2020/21.
The rebranding raised eyebrows given the difficulties in the current financial market and the big losses that lie ahead.
"There's no expenses at all," Johnson said.
"We already own all the domain names, company names. So it's no cost to the organisation whatsoever."
Palmer founded Football Australia as a rebel body after he was stripped of the Gold Coast United A-League licence.
Johnson said the fact Palmer used the name previously had been taken into consideration.
"It was a side thought," Johnson said.
"But the bigger point is it [the name] allows us to position ourselves as moving forward. It also allows us to align better with the rest of the code.
"So if you look across the code and see organisations like Football NSW, Football Queensland, it shows through a name change a more united football." with AAP.