A-League outfit Perth Glory is back on the market after its highly-touted sale to a Melbourne-based property group fell through at the final hurdle.
Key points:
- In July it was announced Perth Glory would be placed into receivership
- Last month it was announced the club would be sold to a Melbourne-based property group
- That deal is now off after the consortium failed to fulfil key elements of the deal
Last month the Australian Professional Leagues (APL) confirmed the club would be sold to a consortium led by Primeland.
But in a statement, the APL said the purchase had been terminated after the group failed to satisfy key elements of the deal.
It said the club would remain with administrators KordaMentha, which would now renew talks with other parties previously linked to a potential sale.
KordaMentha has so far declined to comment.
The Glory was put on the market earlier this year when former owner Tony Sage ended his 15-year involvement with the club.
At the time, Mr Sage cited the financial impacts of COVID-19 and the forced relocation from Perth’s CBD home base to the city’s northern suburbs to accommodate preparations for the FIFA Women’s World Cup.
When the Primeland deal was announced in October, the company’s owner Robert Brij outlined his hopes for the club.
‘Complete confidence’ in administrators
His business partner John Nekic, who was announced as the Glory’s new chairman, said his priorities would be improving its facilities and re-engaging with the community.
In a notice to members, the Glory said the development was “completely out of our control”.
“While not being privy to the exact details behind KordaMentha’s decision, we have complete confidence in their handling of the sale process and trust that they and APL have acted and continue to act, in the very best interests of the club,” Glory CEO Anthony Radich said.
“We are heartened by the fact that multiple bidders expressed their interest in buying the club during the sale process and remain optimistic that a new prospective purchaser will be identified in the near future.”
In June, the club’s men’s coach Ruben Zadkovich announced he was leaving after one season in charge, and in August he was replaced by former Matildas boss Alen Stajcic.
Perth’s A-League men’s side sits in eighth place on the table after four games, while the women’s side has won all four of its game this season.
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