Football federation Australia (FFA) has agreed to sell the licence to Western Sydney Wanderers to a consortium of investors, reports, www.sportspromedia.com/. The agreement, believed to be worth in the region of US$9.22 million, will come into effect on 30th June.
The consortium is headed up by local businessman Paul Lederer, the chief executive of Primo Smallgoods, and also includes Jefferson Cheng, the director of Sabre Sports United, Pirtek's director and head of international business Glenn Duncan and David Slade, a partner in the Australian branch of the Topshop/Topman retail chain.
"The Wanderers were built for the people, by the people of Western Sydney," said David Gallop, the FFA's chief executive.
"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."
Paul Lederer added: "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."
