Geoff Ninnes Fong & Partners (GNFP) is a structural, aquatic and civil engineering consultancy with broad experience in the design of new municipal and institutional swimming pools, hydrotherapy…read more
Perth Glory FC sale off following revelations over buyer
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.
BREAKING: @G_Parker reveals 'The London Football Exchange, was last week sued in the UK High Court of Justice’s commercial division, for US$2.2 million. The person who has brought the lawsuit, is an oil trader from Turkmenistan. His name is Murat Seitnepsov’.— News Talk 6PR 882 (@6PR) February 24, 2020
Tony Sage says he will retain full control of @PerthGloryFC.— Gareth Parker (@G_Parker) February 18, 2020
But last month, even before the deal with LFE was announced, Jim Aylward said: "I'm going to control every element of the football club."
I have questions. After 9am, on @6PR Mornings. pic.twitter.com/KgE0wVviqG
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.
13th February 2020 - London Football Exchange announce deal to buy A-League’s Perth Glory
13th February 2020 - A-League’s Perth Glory agrees new sponsorship as ownership change looms
15th February 2020 - Landmark UK legal case sees ticketing fraudsters convicted
21st August 2019 - Former Surf Life Saving NSW executive charged over $2.7 million fraud
11th December 2019 - A-League newcomers release stadium development update
1st July 2019 - FFA agrees to independent management for the A-League
14th December 2018 - FFA approves A-League expansion bids from Western Melbourne and South-West Sydney
17th September 2018 - FFA looks to introduce new A-League fan engagement initiatives
7th March 2018 - European investors buy A-League’s Adelaide United
21st February 2018 - A-League clubs warn of competition collapse
6th July 2016 - Ledman launches China strategy for Newcastle Jets
15th June 2016 - Chinese owners purchase A-League club Newcastle Jets
9th December 2015 - Chinese consortium stake in City Football Group part of a global power play
21st August 2015 - Three more years of Glory at nib Stadium
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