The much-anticipated sale of A-League team Perth Glory to a Melbourne-based property group has collapsed, leading the club to remain with administrators and renew discussions with other potential buyers.
Perth Glory, a member of the A-League, was put up for sale earlier this year after former owner Tony Sage ended his 15-year involvement with the club due to financial impacts of COVID-19 and the forced relocation for the FIFA Women’s World Cup. The sale to a Melbourne-based property group, announced last month, has now fallen through, leaving the club back on the market.
Failed Sale to Melbourne-Based Group
The Australian Professional Leagues (APL) had confirmed the sale to a consortium led by Primeland. However, the purchase has been terminated after the group failed to meet certain conditions of the deal. As a result, the club will remain with administrators KordaMentha, who will resume discussions with previously connected potential buyers.
Club’s Response and Future Prospects
In response to the failed sale, Glory CEO Anthony Radich expressed confidence in the administrators and reiterated the club’s optimism in identifying a new buyer in the near future. Despite the setback, the women’s team has seen success this season, winning all four of its games, while the men’s team is currently in eighth place after four games.