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Club Sale & Ownership Speculation/News.

westofcentre

By westofcentre
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westofcentre

westofcentre

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Admin: Thread pinned.


Apologies if article has been posted already
 
Eyes on Rich List’s football fans as FFA moves ahead on Wanderers sale
Football Federation Australia is moving ahead with a plan to sell the Western Sydney Wanderers A-League club, appointing UBS to manage a sale expected to realise about $15 million.
The Australian Financial Review reports UBS was appointed last weekfollowing meetings between the bank and football administrators.
The move comes after an astonishingly successful debut A-League season for the Wanderers, during which they won the minor premiership and made the grand final, qualified for the Asian Champions League and rapidly established a large and energetic fan base in Sydney’s western suburbs.
The federation established the club to tap western Sydney’s huge potential soccer fan base, but had always intended to offload the club once it had established itself. But although the club went down to the Central Coast Mariners in the A-League grand final, on-field success appears to have accelerated sale plans.
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Despite being a new club, the Wanderers have rapidly built up a strong fan base. Photo: Getty Images

The Financial Review reports the FFA is leaning toward a full sale of the club, rather than a mixed model which would see ownership shared between private interest and the club’s fan base.
The club has strong heartland appeal in western Sydney, with the FFA claiming it helped boost the local economy of Parramatta, where its home ground is located, by $17 million in its first season.
Western Sydney business identities are often linked to sale talk surrounding the club, although UBS will also seek expressions of interest from potential foreign buyers.
The federation quickly built the club for the 2013 season after Clive Palmer’s Gold Coast United had its licence revoked in 2012 following a series of battles with the federation and its chief, Westfield’s Frank Lowy.
Australia’s second richest person, Lowy has been a huge supporter of football in Australia, and with a $6.9 billion fortune to play with, he has been mentioned as a potential buyer of the Wanderers.
But Lowy’s figurehead role with the federation and his links to the other Sydney A-League club, Sydney FC, mean that he is he is probably less likely than some other Sydney Rich Listers to be interested in buying the Wanderers.
More likely is football fan, BRW Rich 200 member and Wanderers board member Paul Lederer, who has been also tipped as a potential buyer. With a $630 million fortune derived from the Primo smallgoods business started by his father, Lederer ranked number 75 on the 2013 BRW Rich 200.
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BRW Rich Lister Paul Lederer is thought to be one of the most likely potential buyers of the Western Sydney Wanderers.Photo: Peter Braig

Other Rich Listers thought to be potential bidders for the club include Bob Ingham, who sold his Inghams chicken business to TPG Capital for $880 million in March, as well as property developer Tony Perich, who is a former member of the Greater Western Sydney Economic Board and who has a fortune of $875 million, ranking him at 42 on the 2013 Rich 200 list.
Another western Sydney advocate thought to be a potential Wanderers buyer is BRW Young Rich member Danny Bhandari, who has had involvement with cricket ventures in Western Sydney.
A number of BRW Rich Listers have involvement with A-League clubs, including Robert Gerard (Adelaide United), Paul Ramsay (Sydney FC) andHarry Stamoulis (Melbourne Victory).
 
http://www.brw.com.au/p/brw-lounge/eyes_wanderers_rich_list_football_sY7TGhpgBEUtPBs6dZDerK

Edited by mack
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westofcentre

westofcentre

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Figured we could use a thread for what I presume is going to be semi-regular ownership/club sale news and speculation. Of course if anything massive happens it'll become a news item.

Good idea. I think Lowy would prefer Lederer.

 

Perich has strong links with Western Sydney. Owns one of the largest dairy farms on the state (if not the largest) - and is involved in the development of Oran Park.

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montywoodpeg

montywoodpeg

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That's me in the photo with the black cap - loved that Grand Final even though we lost. Bring on next season.

Duly noted by Hatamoto.

LOL ... I always new Monty was Hatamoto!

 

Haha ha ha ha. Haha... Ha...

 

 

Ha... Ahem... Damn.

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  • 2 weeks later...
mick9619

mick9619

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from todays SMH

 

http://www.smh.com.au/sport/a-league/gallop-says-wanderers-soaring-sky-high-20130702-2p9w6.html

 

the interesting bit: "clearly we've got some non-negotiables around the colours, the logo, the name, the venue and the general community engagement model that has worked so well"

its good that gallop has made the non - negotiables very clear, such as name, color and not being able to change the culture of the club

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  • 4 weeks later...
Flytox

Flytox

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Gorman expecting expressions of interest in a few weeks.  Did I read that last sentence correctly?

 

 

 

The spike in members is a timely boost to the Wanderers' financial stability as the process of finding a new owner is gathering momentum.  The club is  owned by Football Federation Australia.   ''Somewhere in the next few weeks I imagine there will be some expressions of interest for it,'' Gorman said.

Read more: http://www.smh.com.au/sport/football/increased-capacity-means-wanderers-will-be-staying-put-20130725-2qn9q.html#ixzz2a3cxQSz2
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dmixtaaa

dmixtaaa

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from todays SMH

 

http://www.smh.com.au/sport/a-league/gallop-says-wanderers-soaring-sky-high-20130702-2p9w6.html

 

the interesting bit: "clearly we've got some non-negotiables around the colours, the logo, the name, the venue and the general community engagement model that has worked so well"

''We're on board with getting it done as soon as possible but we're working with them to ensure it doesn't disrupt our main focus, which is our football team,'' an Eels spokesman said.

 

That's hilarious. Bookies are already paying out for the wooden spoon. They are currently last on the ladder by 6 points. Thank God their main focus hasn't been disrupted...

 

Read more: http://www.smh.com.au/sport/football/increased-capacity-means-wanderers-will-be-staying-put-20130725-2qn9q.html#ixzz2a621dsON

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Flytox

Flytox

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You are undervaluing the club...

I'd agree with that.  The Bakries paid $8m for a 70% share of Brisbane Roar and later purchased the other 30% off the FFA for an undisclosed fee rumoured to be over $2m.  Roar has the disadvantage of playing at a venue that is too large for its needs which drives fans away and it pays a premium price for the privilege of playing there.  Added to that the sale followed a season with average attendance of 9,291 albeit with better membership sales for the following season just prior to the sale.  When you look at where Wanderers are with 12,466 average attendance, 14,000 membership already sold for the upcoming season, a good stadium deal, a proposed upgrade and atmosphere to burn a good price should be achieved for the sale.

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  • 4 weeks later...
westofcentre

westofcentre

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Just saw a tweet from Fox football that FFA have rejected a bid from Penrith Panthers to buy the club and relocate it to Penrith

Here's the SMH link: http://m.smh.com.au/sport/football/ffa-knocks-back-panthers-wanderers-bid-20130821-2sbkh.html

Imagine them taking the games to Penrif Stadium - watch thousands of WSW supporters walk away.

 

No brainer for the FFA really.

 

Could you imagine how they would run the club? TAB and Alcohol adds, crappy fireworks display and cheerleaders. No understanding of football culture - would run club into the ground.

 

Cringe cringe cringe. Ok I'm over thinking it now.

Edited by westofcentre
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