FFA confirms sale of Western Sydney Wanderers

Last updated 13:49 29/05/2014
David Gallop
Getty Images
DAVID GALLOP: The FFA boss said the sale of the Western Sydney Wanderers was an important step in the club’s evolution.

Relevant offers

Football

Winston Reid to stick with West Ham NZF appoint new commercial director Manchester United loan out Javier Hernandez Smith: Back to business for Ryan Nelsen? Mark Aspden appointed NZ Football chairman Arsenal sign Welbeck, Richards heads to Italy Manchester City loan Negredo to Valencia Manchester United sign Dutch star Daley Blind Diego Maradona stars in Pope's footy match Sandro joins Harry Redknapp at QPR

Football Federation Australia has confirmed  the sale of A-League club Western Sydney Wanderers to a consortium of prominent businessmen.

The group, headed by Primo Smallgoods boss Paul Lederer, will assume ownership of the licence on June 30.

Pirtek founder Glenn Duncan, Filipino-Chinese businessman Jefferson Cheng and David Slade, a partner in British fashion outlet Topshop-Topman, are among the other investors.The deal is believed to be worth around $10.09 million NZD.

The FFA, with the help of $4.35 million NZD in federal government  funding, set up the Wanderers in April 2012 and has held the licence for the past two years.

The club has enjoyed immense success since then under coach Tony Popovic, who has led the fledgling outfit to two consecutive A-League grand finals and this year's Asian Champions League  quarter-finals.

FFA boss David Gallop said the sale was an important step in the  club's evolution.

''The Wanderers were built for the people, by the people of Western Sydney,'' Gallop said in a statement today.

''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.''

Lederer ensured fans the spirit and culture at the Wanderers would not be affected by the sale.

''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,'' he said.

''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.''

Ad Feedback

- AAP

Special offers
Opinion poll

What do you make of Tommy Smith's decision not to play for the All Whites?

It's fair enough. He's already got a massive workload.

He's been a great servant for the All Whites. His request not to play is fine by me.

It's disappointing to say the least. What happened to national pride?

It's unbelievable. He shouldn't be picked for NZ again.

Vote Result

Related story: (See story)

Featured Promotions

Sponsored Content