Latest News

Back to Latest News back

 

Chinese owners purchase A-League club Newcastle Jets

Chinese owners purchase A-League club Newcastle Jets
June 15, 2016

Football Federation Australia (FFA) has announced the completion of a 100% sale of troubled A-League club the Newcastle Jets to the Ledman Group, a leading high-tech LED signage manufacturer, operator and integrated sports business headquartered in Shenzhen, China.

The sale, understood to be worth more than $5 million, marks the first major Chinese investment in the A-League.

The Jets had been under the ownership of FFA since May 2015 having gone through a challenging period after former owner Nathan Tinkler was stripped of his A-League licence after he placed the club into administration.

Ledman already has an extensive football investment portfolio as owner of Chinese lower-tier club Shenzhen Renren FC, sponsor of the Chinese Super League and naming-rights sponsor for Portugal’s second division.

Martin Lee, Ledman’s Chairman and major shareholder rates the A-League as one of Asia’s top professional football competitions and is excited by the potential of the club.

He explained “we see a bright future for football across Asia and the Hyundai A-League is at the forefront as one of the top professional leagues in the region.

“The investment aligns with Ledman’s activities in several sectors of the sports industry and I’m excited by the potential of the club. In the coming months we will announce ways in which the community, and especially club members, can have a regular say in the running of the Jets.

“We will also announce a board which will include a minimum of two local directors. All existing agreements with Jets staff, sponsors, suppliers, and the community at large will be honoured in full following the formal handover from FFA to Ledman.”

Ledman, reported to be  worth more than $1 billion, attracted attracted controversy earlier this year after their sponsorship of Portugal’s second division saw the company insist that the top 10 clubs in the division would each be obliged to field 10 Chinese players.

Former Central Coast Mariners Coach and General Manager, Lawrie McKinna, has been confirmed as the Jets’ new Chief Executive.

McKinna will replace current Newcastle Jets interim Chief Executive David Eland, when the ownership formally changes hands later this month.

McKinna sated “with Ledman’s backing combined with the continued support of our local and national stakeholders, I feel that we can build something big here in the Hunter.”

In addition to his roles at the Mariners, McKinna has also served as Mayor of Gosford from 2012 until May this year.

In the wake of the Jets’ sale, the NRL has set up a ‘Divestment Committee’ to determine the best process for the sale of the Newcastle Knights, also formerly owned by Tinkler as part of his Hunter Sports Group.

18th December 2015 - CHINA ADVANCES MASSIVE INVESTMENT IN YOUTH FOOTBALL DEVELOPMENT

2nd July 2015 - MARINERS COMMIT TO CENTRAL COAST STADIUM

21st May 2015 - FFA CANCELS NATHAN TINKLER’S NEWCASTLE JETS’ A-LEAGUE LICENCE

7th February 2015 - NATHAN TINKLER PAYS NEWCASTLE JETS’ DEBTS, NAMES NEW CHIEF EXECUTIVE


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

LEISURE CONCEPTS AUSTRALIA

Leisure Concepts brings the world’s leading fitness equipment brands to Australasia - these include True Fitness, Atlantis Strength, Merrithew (Stott Pilates), Intenza Fitness,…

read more

Fitness / Recreation / Technology / Wellness

 
 

VLOCKER

Vlocker Pty Ltd has been designing, manufacturing, installing and servicing locker systems worldwide since 1995. Vlocker specialises in providing locker solutions to suit client requirements in…

read more

Aquatics / Attractions / Safety / Security / Venues

 
 

Supreme Heating

Supreme Heating is a proud Australian owned company specialising in the latest energy efficient heating solutions. Since 1990, Supreme Heating has designed and installed commercial pool heating…

read more

Aquatics / Environment / Recreation

 
 

Summit Fitness

Summit Fitness Equipment is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/

read more

Fitness / Recreation / Technology / Wellness

 
 

HYPOXI Australia Pty Ltd

HYPOXI®  is one of Europe’s most successful health and weight loss studio concepts.  It’s the first weight loss technology to incorporate exercise with advanced vacuum and…

read more

Fitness / Technology / Wellness

 
 

Ecoline

Ecoline is a highly experienced and skilled company that offers world-first technology in safety, protects the environment and provides a unique and challenging custom-made adventure and educational…

read more

Attractions / Environment / Safety / Tourism

 
 

TRISLEYS HYDRAULIC SERVICES

Trisley's Hydraulic Services P/L (THS) are a specialised pool company dealing with all aspects of the commercial swimming pool industry, including the installation and servicing from the smallest…

read more

Aquatics / Design / Play / Waterparks

 
 

Aussie Strength

We are Aussie Strength. The ultimate supplier for Commercial Gym Equipment that's built to deliver in the toughest environments. From USA-Built hardcore weight training equipment from Arsenal…

read more

Fitness / Technology / Wellness

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business