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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.

Related Articles

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

21st February 2019 - Scott Munn to move from Melbourne City to Chief Executive role at City Football Group China

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

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

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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