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Perth Glory FC sale off following revelations over buyer

Perth Glory FC sale off following revelations over buyer
February 25, 2020

Football Federation Australia (FFA) has today confirmed that the potential sale of a majority shareholding in Perth Glory FC, announced earlier this month, to the London Football Exchange (LFE) will not be pursued by current owner Tony Sage.

Overnight, Sage officially advised the FFA Head of Leagues, Greg O’Rourke, that following a due diligence process the transaction will not be pursued.

Media reports have suggested that crypto-currency entrepreneur and LFE Group founder Jim Aylward is a convicted fraudster.

It has also been reported LFE and Aylward are currently facing a $US2.2 million lawsuit in the UK for partaking in ‘fraudulent misrepresentations’.

An investigation by Perth-based 6PR-Nine News found Aylward is a convicted fraudster named James Abbass Biniaz.

Documents obtained by 6PR’s Gareth Parker reveal that Sage was being promised $30 million by LFE for 80% of the A-League club.

However, according to 6PR-Nine News, Alyward/Biniaz, was imprisoned in the UK in 2010, for a scam against the tax department and has also been convicted of robbery and assault.

Aylward recently posted a video on social media praising Sage for getting involved in the LFE and its plans to create a global network of clubs.

The sale resulted from Sage having reportedly received unsolicited interest from a potential buyer – LFE.

Aylward had also promised announcements will be made shortly regarding similar takeovers of an English Premier League and French Ligue 1 club.

There have been no suggestions of Sage having any involvement in wrongdoing.

Main image: Perth Glory secure the 2018/19 A-League Premiership. Courtesy of Football Federation Australia.

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11th December 2019 - A-League newcomers release stadium development update

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14th December 2018 - FFA approves A-League expansion bids from Western Melbourne and South-West Sydney

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23rd April 2018 - Peter Filopoulos moves from Perth Glory to become Football Federation Victoria Chief Executive

7th March 2018 - European investors buy A-League’s Adelaide United

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6th July 2016 - Ledman launches China strategy for Newcastle Jets

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