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    Western Sydney Wanderers Sold


    mack

    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€

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    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.

    Yep, also FFA will get to pocket this seasons clubs profit. I'd say if the club wasn't going to make a profit this season the club might have been handed over already.

     

    I welcome our new overlords, just hope in the future there ain't no issues with a four way ownership.

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    Having read the lengthy document that Flytox linked - that mentioned a Jefferson Cheng in relation to the Philippines International Airport work - I am sure that Lowy/Gallop would have done due diligence on the matter.

     

    Cheng is quoted in the article as saying that he did not want his family to abandon their interest in the project as it was their baby - despite the suggested offer of $100m.

     

    This sort of vision and dedication would, I am sure, sit pretty well with WSW supporters.

     

    Anyone in high level business these days is likely to have had a court case or three in their background. What is important is that they do not have any conviction beyond their determination to see the Wanderers grow and thrive!

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    Having read the lengthy document that Flytox linked - that mentioned a Jefferson Cheng in relation to the Philippines International Airport work - I am sure that Lowy/Gallop would have done due diligence on the matter.

     

    Cheng is quoted in the article as saying that he did not want his family to abandon their interest in the project as it was their baby - despite the suggested offer of $100m.

     

    This sort of vision and dedication would, I am sure, sit pretty well with WSW supporters.

     

    Anyone in high level business these days is likely to have had a court case or three in their background. What is important is that they do not have any conviction beyond their determination to see the Wanderers grow and thrive!

    He is also a Director of the International Goalkeepers Academy and International Strikers Academy running out of Blacktown so obviously already has an Interest in the sport!

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    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.

    Yep, also FFA will get to pocket this seasons clubs profit. I'd say if the club wasn't going to make a profit this season the club might have been handed over already.

     

    I welcome our new overlords, just hope in the future there ain't no issues with a four way ownership.

     

     

    Have to say that is my first immediate concern. For all the riskiness of going down the sole owner pathway, there is to some extent a degree of certainty when it comes to having someone like Charlesworth, Traktavenko or Sage as the guy who pays the bills. You might hate the owner, you may love him (or her); but at least there won't be any horse-trading and argy-bargy when there is only one person at the helm.

     

    Having said that our new owners do seem to have business smarts and already plenty of understanding of the club and sporting culture they are engaging with. In an ideal world I wouldn't mind seeing them act like the Bakries group does for the Roar. Stay out of the limelight, let the football people take care of the on-the-pitch stuff, and where necessary make sure that dollars never become the only arbiter of what happens at the club

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    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.

    Yep, also FFA will get to pocket this seasons clubs profit. I'd say if the club wasn't going to make a profit this season the club might have been handed over already.

     

    I welcome our new overlords, just hope in the future there ain't no issues with a four way ownership.

     

    mmm makes sense why they released them limited player issued jerseys for $200  :nea:

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    Does anyone know the net worth of these guys?  Or at least a general estimation?

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    Does anyone know the net worth of these guys?  Or at least a general estimation?

    we might be richer than esfc which would be odd if we were :P

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    Does anyone know the net worth of these guys?  Or at least a general estimation?

    we might be richer than esfc which would be odd if we were :P

     

    Somehow I don't quite think were in the billionaire category, which I quite like

     

    And also, Tratovenko is Russian, which instantly makes him a richer billionaire than your average billionaire

    Edited by Nnnnnathan12

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    Melbourne Heart managed to make their consortium work (well, what they did didn't, but they all seemed to do it just fine as a group).

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    Does anyone know the net worth of these guys?  Or at least a general estimation?

    we might be richer than esfc which would be odd if we were :P

     

    Somehow I don't quite think were in the billionaire category, which I quite like

     

    And also, Tratovenko is Russian, which instantly makes him a richer billionaire than your average billionaire

     

    true i wouldnt want to be richer than esfc but it would still be very odd if we were

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    According to a 2011 article Paul Lederer was worth $344 million. But an article from this year puts it at $630 million...... So that's... pretty ******* good....

     

     

     

     

     

     

     

    The other guys have next to nothing on their net worths online though.

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    To show that they really love the wanderers they should give us a blank cheque. It is the only necessary thing to do

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    Time to build our own stadium

    Demolish Parramatta stadium, and replace it with our own amazing stadium that the eels cannot use

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    According to a 2011 article Paul Lederer was worth $344 million. But an article from this year puts it at $630 million...... So that's... pretty ******* good....

     

     

     

     

     

     

     

    The other guys have next to nothing on their net worths online though.

    Hmmm, selling meat seems like a good business, 

    seems logical, people like meat, people have money to pay for meat, genius

     

     

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    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.

    Yep, also FFA will get to pocket this seasons clubs profit. I'd say if the club wasn't going to make a profit this season the club might have been handed over already.

    I welcome our new overlords, just hope in the future there ain't no issues with a four way ownership.

    mmm makes sense why they released them limited player issued jerseys for $200  :nea:
    Enjoy your players speed hole jersey money Mr Lowry.

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    According to a 2011 article Paul Lederer was worth $344 million. But an article from this year puts it at $630 million...... So that's... pretty ******* good....

     

     

     

     

     

     

     

    The other guys have next to nothing on their net worths online though.

    **** even i spend $1 mill a year i would have enough to last me a lifetime :woah:

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    "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."

    Source: http://www.smh.com.au/sport/soccer/western-sydney-wanderers-sold-20140529-zrrmx.html#ixzz335Shk2yk

     

    HHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAAH

     

    Remember when people tried saying Gorman wasn't in it for the money? And he wouldn't ever cause WSW any inconvenience at his desire to make money?

     

    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHHAHAHAHAHHAHAHAHAH

     

    He was good for the club, but that doesn't change he is a businessman first and foremost, and his number one passion is NOT Western Sydney Wanderers; it is money.

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    "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."

    Source: http://www.smh.com.au/sport/soccer/western-sydney-wanderers-sold-20140529-zrrmx.html#ixzz335Shk2yk

     

    HHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAAH

     

    Remember when people tried saying Gorman wasn't in it for the money? And he wouldn't ever cause WSW any inconvenience at his desire to make money?

     

    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHHAHAHAHAHHAHAHAHAH

     

    He was good for the club, but that doesn't change he is a businessman first and foremost, and his number one passion is NOT Western Sydney Wanderers; it is money.

     

    You really have it in for Gorman too much. He ran the club well and that is all I care about. I wonder if it all starts to fall apart with the new CEO. How will people feel then? Gorman was pretty moderate in my opinion.

     

    Yeah Gorman is a businessman. So are you. So am I. I wonder if someone offered you two million dollars and told you to forget about WSW for the next couple of years. What would your passion be then? You would probably forget about WSW and go travelling around Europe watching some of the great clubs.

     

    The reason we are so passionate about this club is because in a sense it is all we have. You shouldn't make yourself appear ethically superior or less corrupted than others when in reality you are probably not.

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    There is a business component to the A-League. There is a business component to the WSW. Gallop was appointed to run the business side of things at FFA. Gorman was appointed by FFA to increase the chances of success for the WSW venture. Gorman is a business man who had a bonus component written into his contract. The sale of the WSW has been a business transaction between FFA and the new owners. Lyall did a great job building up a successful business, and he got his cut.

     

    That's all there is to it. That's what happens in business. All the time.

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    I like the corruption link with one of them fits into our westie criminal culture!

     

    I'd like to welcome primo and friends

    Now id like to say Show me the **** money these guys have been in power for a yet a period yet to commence but have brought as nothing

     

    No beckham

    No cahill

    No messi

     

    Get cracking lads! :-)

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    I see Mack is still pushing the Fairfield Showground idea, despite all the reasons why it shouldn't happen lol

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    Yeah Gorman is a businessman. So are you. So am I. I wonder if someone offered you two million dollars and told you to forget about WSW for the next couple of years. What would your passion be then?

     

    I swear it, and I'll happily sign any declaration and contract, but even if someone offered me $1 BILLION to stop supporting WSW, I would reject them.

     

    I think for some of you, football is just a game. It's just this fun little thing you do on the weekend, and if you lose, you think nothing more of it. For some of us, it's our religion. It's in our blood. We don't just support a club, we live for it. 

     

    AND I'M GOING TO WRITE THIS IN CAPS LOCK FOR EVERYONE WHO INSISTS I HAVE IT IN FOR LYALL GORMAN. I DO NOT. I HAVE STATED REPEATEDLY HE HAS DONE A GOOD JOB AND I'M GRATEFUL FOR THAT. NONETHELESS, THAT DOESN'T CHANGE THE FACT HE IS A BUSINESSMAN FIRST AND FOREMOST. EVERYONE, JUST TAKE THE ROSE TINTED GLASSES OFF AND YOU'LL SEE THAT HIS NUMBER ONE PRIORITY IS NOT THE FANS OR PLAYERS; HIS COMMITMENT IS TO RUN THE CLUB AS BUSINESS. ALL HIS DECISIONS CIRCULATE AROUND HOW MUCH MONEY IT WILL MAKE, AND IF YOU ARE ALL BEING NAIVE TO THINK OTHERWISE, THEN THAT'S ON YOU. IT DOESN'T MEAN I HATE THE GUY ANYWAY WHATSOEVER. 

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    Having read the lengthy document that Flytox linked - that mentioned a Jefferson Cheng in relation to the Philippines International Airport work - I am sure that Lowy/Gallop would have done due diligence on the matter.

     

    Cheng is quoted in the article as saying that he did not want his family to abandon their interest in the project as it was their baby - despite the suggested offer of $100m.

     

    This sort of vision and dedication would, I am sure, sit pretty well with WSW supporters.

     

    Anyone in high level business these days is likely to have had a court case or three in their background. What is important is that they do not have any conviction beyond their determination to see the Wanderers grow and thrive!

     

    I like the corruption link with one of them fits into our westie criminal culture!

     

    I'd like to welcome primo and friends

    Now id like to say Show me the **** money these guys have been in power for a yet a period yet to commence but have brought as nothing

     

    No beckham

    No cahill

    No messi

     

    Get cracking lads! :-)

     

     

    Philippines being the way it is, re: NAIA (main airport of Manila) 3 Teminal court case, is just a run of the mill turf war between local oligarchs (wealthy families) that runs the country.

     

    Cheng won that case. Now he is set for a big payday with the current government (currently run by another oligarch/ family - Cojuangcos) offering to buy the terminal off him. 

     

    Basically the terminal is a goldmine.

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    Ill be sad to see Lyall go, i wonder if the FFA will use him to start up other franchises in the future.

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    Time to build our own stadium

     

    How amazing would it be to have our own purpose built stadium. Red and black seats and a nice big terrace for the RBB. Gives me a semi just thinking about it.

     

    Won't happen for a very long time know but should always be the long term aim of the club.

    Edited by WSWBoro

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    Time to build our own stadium

     

    How amazing would it be to have our own purpose built stadium. Red and black seats and a nice big terrace for the RBB. Gives me a semi just thinking about it.

     

    Won't happen for a very long time know but should always be the long term aim of the club.

     

    as long as its in the right place

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