Lowy will be joined by 700 guests at Sydney’s ANZ Stadium on Monday night to farewell his tenure in the presence of the great Guus Hiddink and members of the Socceroos' golden generation as they celebrate the 10-year anniversary of FIFA World Cup qualification.
While the players and their one-time coach will attract the most fanfare, it’s the end of the Lowy era and the beginning of son Steven's dynastic ascension to the top job which will concentrate minds most.
Lowy's critics rail at his dictatorial style, but the majority of those who know the 85 year–old best acknowledge him as the only person who could have rescued a cannibalistic code when presented with the challenge by former PM John Howard.
FFA's first CEO, former Australian Rugby union chief John O’Neill, moved on citing “creative tensions” with his omnipotent boss, but he is nonetheless glowing in his appraisal of the Lowy years.
“The game was on its knees when Frank arrived and there were not too many alternatives,” said O’Neill. “The government had the whip hand and the approach was made to Frank.
"Once he said 'yes', he was smart enough to extract a raft of conditions, including funding, the board of his choice and no elections for X-number of years.
"I see him as the founding father of what I call 'new football'."
Lowly achievements are legion, with the formation of the A-League, Australia qualifying for the 2006 Wold Cup, the move into Asia, and the setting up of the FFA.
"The landscape is unrecognisable from what it was and it’s up to future generations not to stuff it up," he said.
While sometimes at loggerheads with Lowy over payer pay and conditions, Brendan Schwab, former PFA boss turned Swiss-based head of UNI World Athletes, also acknowledges Lowy's "immense legacy", insisting he almost single-handedly brought credibility for the game to reform itself.
“He built on three momentous reforms: the closing down and setting of the governing body, the closing down and setting up a new league and the move in Asia,” said Schwab, who was also part of the task force put in place by Lowy to form a new national competition over a decade ago.
“The missed opportunity of the Lowy era was the inability to build a genuine partnership in the governance of the game, especially with the players.
Such is Lowy's lustre that Sydney FC chairman Scott Barlow, the subject of a public putdown from the FFA chief this month, was still fulsome in his praise.
Barlow was roundly rebuked by former Sky Blues part-owner Lowy after calling into question FFA seems determination to install a third Sydney team after their refusal to grant Wellington Phoenix a 10-year licence.
But that didn’t stop Barlow saying: "There is no doubt in my mind that Frank Lowy was the right man at the right time for Australian football.
"It’s been Frank’s vision, strong leadership, determination and passion for the game that has set Australian football on the right path.
"Frank has been the central and consistent driving force behind everything that has been achieved in Australian football over the last decade - his contribution has been immeasurable.
FFA Hall of Fame member Stefan Kamasz, who worked with Lowy from 1979, sees him as a force of nature, who saw no problem as intractable and no barrier as unreachable.
“He's been remarkable, he really has," he said. "I know there are a lot of people who don’t like him. Yes, he takes absolute and ultimate control over what happens around him at FFA, but overall you have to say he's done a magnificent job."
Kamasz, who was on the board of the former Australian Soccer Federation and sat on his task force to reshape the game, sees Australia's failed 2022 World Cup bid as the only stain on Lowy's leger.
“Obviously he was gutted with the outcome of that ... but that’s the only area where he fell short,” he said.
Schwab, though, refuses to chastise Lowy for the unsuccessful bid which saw a $45 million government grant bring just a single vote, leaving Lowy left crestfallen and embarrassed.
“It was ambitious but it has certainly unearthed bigger issues associated with the goverenance of football,” he said.
“There were executional issues but we were right to make a bid when we did. I don’t think his legacy should be questioned by the launching a bid that failed.”
