Jump to content
Sign in to follow this  
Flytox

Sold

Recommended Posts

The Western Sydney Wanderers & Football Federation Australia have confirmed the sale of the club to a consortium headed by Pirtek CEO Paul Lederer.

 

The club, which has been under the ownership of the FFA since it began, will be turned over to the consortium on the 30th of June.

 

The reported cost is $10 million, lower than the originally estimated 15 and then 12 million figures. This likely is a result of the consortium driving a hard bargain with the FFA, knowing the FFA had to get the asset off their hands to avoid long-term governments implications.

 

The other three members of the consortium are Jefferson Chang, Glenn Duncan & David Slade, each respected businessmen with an interest in the sport. Lederer has been a director of the club prior to the purchase, and he spoke about the acquisition.

 

“The spirit of this club comes from the members, fans and the people of Western Sydney. Nothing will change in that regard. I have been a director of the club for the past two years and I’ve had the privilege to play a part and see first-hand what makes this club so special. The consortium has responsibility to ensure the Wanderers have a sound financial base and a strong administration so the club can continue to grow and be successful on and off the field.â€

 

This post has been promoted to an article

Share this post


Link to post

also got an email

 

i dont know what this means for the club though, i know nothing about our new owners

Share this post


Link to post

Ahahah. Topshop.

Share this post


Link to post

Great, now they can get their hands in their pockets and dig some cash out for a few players!

Share this post


Link to post

It doesn't go through till June 30... don't know what implications this has re: funds.

Share this post


Link to post

Great, now they can get their hands in their pockets and dig some cash out for a few players!

or at least give Popa a 50 year contract

Share this post


Link to post

Primo2011SpanishHotSalami-5349.png

 

MMMMMMMMMM Primo  :stonedtrifiro:

mmmmmmmmmmmmm 20% lips and arseholes in every serve.

Edited by WSWBoro

Share this post


Link to post

Free gabagool included in next season membership pack

Share this post


Link to post

 

 

 
Agreement signed for the sale of Wanderers licence
Thursday, 29 May 2014 10:00 AM
 
 
 
 
 
 
 
 
 
 
 
 
00090675-leadimage.jpg

Football Federation Australia (FFA) has today confirmed that an agreement has been signed for the sale of the Hyundai A-League licence of the Western Sydney Wanderers to a consortium of prominent businessmen.

The consortium is headed by Paul Lederer, CEO of Primo Group and includes Director of Sabre Sports United Jefferson Cheng, the Pirtek director and head of international business, Glenn Duncan, and David Slade, a partner in the Australian branch of the UK retail chain TopshopTopman.

FFA established the Western Sydney Wanderers in April 2012 and has held the licence for the past two years. The transfer of the licence will be effective from 30 June 2014.

FFA CEO David Gallop said the licence transfer was an important step in the evolution of the Western Sydney Wanderers.

“The Wanderers were built for the people, by the people of Western Sydney,†said Gallop.

“That was the promise from day one and FFA has held true to that mission.

“Like FFA before it, the new consortium understands its role as the guardians of the Wanderers. They are entrusted by the members of the club to protect and build on what has been achieved.

“I would also like to take this opportunity to thank Matthew Grounds, Guy Fowler and their team at UBS for the professional manner in which they handled the sale process.â€

On behalf of the consortium, Paul Lederer said the culture at the heart of the Wanderers’ success would not be affected by the licence acquisition.

“The spirit of this club comes from the members, fans and the people of Western Sydney ,†said Lederer. “Nothing will change in that regard.

“I have been a director of the club for the past two years and I’ve had the privilege to play a part and see first-hand what makes this club so special.

“The consortium has responsibility to ensure the Wanderers have a sound financial base and a strong administration so the club can continue to grow and be successful on and off the field.â€

 

 

http://www.footballaustralia.com.au/wswanderersfc/news-display/Agreement-signed-for-the-sale-of-Wanderers-licence/90675

 

 

Oh no.

 

No 1 rule in meetings.

 

Never have your mobile phone on the desk.

 

Its nearly as important as not f*cking alienating the A-leagues active support. 

Share this post


Link to post

And the first announcement from the Lederer HQ must be...

 

LET SLIP THE WANDER DOGS...

 

1468499_675770992456421_2018232789_n.jpg

Share this post


Link to post

SMH says "outgoing chairman Lyall Gorman..."

 

I hadn't heard of this before but disappointing.

Share this post


Link to post

Pretty much the perfect buyers. Already familiar with the ins and outs of the club and its finances; have football background/interest; multiple owners means that if one pulls out later the others pick up the slack and we don't go back on the FFA lifeline.

Share this post


Link to post

Pretty much the perfect buyers. Already familiar with the ins and outs of the club and its finances; have football background/interest; multiple owners means that if one pulls out later the others pick up the slack and we don't go back on the FFA lifeline.

But it also means four guys have to agree to pony up when necessary. It's hard enough getting four guys to agree on anything never mind to also put their hand in their own pockets for the greater good/ambition/advancement of the club.

Share this post


Link to post

 

 

It is understood much of the hold-up in the sale has arisen from the final fee paid to outgoing executive chairman Lyall Gorman.

 

Upon taking his role in 2012, Gorman inserted a clause – ratified by then-FFA chief executive Ben Buckley – that allowed him to take a percentage of the final sale of the club, in addition to his salary.

 

Read more: http://www.smh.com.au/sport/soccer/western-sydney-wanderers-sold-20140529-zrrmx.html#ixzz334Q9X1a7

No wonder he has been talking up the business for the last 18 months.

Share this post


Link to post

"The consortium has responsibility to ensure the Wanderers have a sound financial base". Is that code for we aren't coughing up big to bring in top level marquees and retain Popa? The likes of Chelsea and Manchester City didn't climb from relative obscurity to the summit of the EPL by being financially prudent.

Share this post


Link to post

Gorman is a very canny business man. This applies to his own personal wealth in addition to the jobs he does.

Share this post


Link to post

Anyone actually know anything about any of these blokes?  If so, please do share

Share this post


Link to post

Gorman deserves a big lump of cash as a farewell present. He created a club based on the fan forums. And he took a heap of sh1t from all stakeholders in his 2 year reign - from the FFA, from the future owners, from the board, from the fans, from the media, from the police.

 

Good on him for his foresight in getting hold of the exit cash, I say.

Share this post


Link to post

And the first announcement from the Lederer HQ must be...

 

LET SLIP THE WANDER DOGS...

 

1468499_675770992456421_2018232789_n.jpg

I think we should hit them up for members discount of $10 all you can eat Wanderdogs on match day from 1hr (not including waiting time) before kickoff. Or frequent flyer card bonus like my coffee in the mornings. :woah:  :woah:  :woah:

Share this post


Link to post

Why the **** is this taking so long to go through!? We knew they were the buyers 6 months ago and they're still not taking over til the end of June.

Share this post


Link to post

I did a 10 minute google on the new guys. 

 

Lederer we kind of know a bit about. Big football fan, been on our board from the start so he should know what he's doing. From western Sydney too which makes me more confident he'll get along with the fans.

 

Don't really know what Jefferson Cheng's into, some sort of airline business. But sounds like he's a football man too so that's got to be a positive I guess. (On a sidenote, he was also kidnapped and held to ransom in 2009)

 

Glenn Duncan was head of Pirtek and was on the board of the Eels but quit after a sh*tfight with the CEO (or something like that). Might be the wrong code but he has experience in sport in the area which is important.

 

David Slade is a partner in some British fashion shop. He worked with Lowy for 30 years and they're best mates so draw your own conclusions from that. Not sure of what he might actually bring except for some more dollars (Lowy conspiracy theories aside). 

 

Sounds like not a bad mix to me if I'm honest

Share this post


Link to post

Why the **** is this taking so long to go through!? We knew they were the buyers 6 months ago and they're still not taking over til the end of June.

End of financial year, I think.

Share this post


Link to post

 

 

 

 

 

News

 

Videos | Photos

 

 

Agreement signed for the sale of Wanderers licence

Thursday, 29 May 2014 10:00 AM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

00090675-leadimage.jpg

 

Football Federation Australia (FFA) has today confirmed that an agreement has been signed for the sale of the Hyundai A-League licence of the Western Sydney Wanderers to a consortium of prominent businessmen.

The consortium is headed by Paul Lederer, CEO of Primo Group and includes Director of Sabre Sports United Jefferson Cheng, the Pirtek director and head of international business, Glenn Duncan, and David Slade, a partner in the Australian branch of the UK retail chain TopshopTopman.

FFA established the Western Sydney Wanderers in April 2012 and has held the licence for the past two years. The transfer of the licence will be effective from 30 June 2014.

FFA CEO David Gallop said the licence transfer was an important step in the evolution of the Western Sydney Wanderers.

“The Wanderers were built for the people, by the people of Western Sydney,†said Gallop.

“That was the promise from day one and FFA has held true to that mission.

“Like FFA before it, the new consortium understands its role as the guardians of the Wanderers. They are entrusted by the members of the club to protect and build on what has been achieved.

“I would also like to take this opportunity to thank Matthew Grounds, Guy Fowler and their team at UBS for the professional manner in which they handled the sale process.â€

On behalf of the consortium, Paul Lederer said the culture at the heart of the Wanderers’ success would not be affected by the licence acquisition.

“The spirit of this club comes from the members, fans and the people of Western Sydney ,†said Lederer. “Nothing will change in that regard.

“I have been a director of the club for the past two years and I’ve had the privilege to play a part and see first-hand what makes this club so special.

“The consortium has responsibility to ensure the Wanderers have a sound financial base and a strong administration so the club can continue to grow and be successful on and off the field.â€

 

 

 

 

 

 

 

http://www.footballaustralia.com.au/wswanderersfc/news-display/Agreement-signed-for-the-sale-of-Wanderers-licence/90675

 

Oh no.

 

No 1 rule in meetings.

 

Never have your mobile phone on the desk.

 

Its nearly as important as not f*cking alienating the A-leagues active support.

Even though I should focus on other stuff, the phone was the first thing I noticed too!

Share this post


Link to post

 

Why the **** is this taking so long to go through!? We knew they were the buyers 6 months ago and they're still not taking over til the end of June.

End of financial year, I think.

 

Logic suggests so.

Share this post


Link to post

That's all I'm going on erebus but I presume it would make things a lot easier in terms of a handover.

 

I wonder if funds can be released "in principle" in the meantime for transfers etc.

Share this post


Link to post

Not happy about Gorman leaving. He is one of the few who know what they are doing at exec level in Aussie football. With half the squad gone and Gorman out it almost feels like a new start.

 

Unity at board level is very important, otherwise CEOs can't work. Just look at Implosion FC from the East side of town.

 

I have no doubt that the new owners took over with an expectation to part with money. I'd say they've done so already to keep Spiranovic at the club.

 

Those who were at the ACL win against Hiroshima might have seen the new owners. They were the three guys who walked past the RBB from West to East and shook hands with and embraced the players on their way over to the NT.

 

Interesting times ahead.

Share this post


Link to post

Gorman was going to leave no matter what, to be replaced by the new owners.

Share this post


Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...