A-League club Perth Glory collapses
A-League club Perth Glory, owned by West Australian businessman Tony Sage, has fallen into receivership and its licence has been revoked.
KordaMentha has been appointed as receiver and will run the club until a new owner is found, the company told staff on Saturday afternoon.
Perth Glory owner Tony Sage loses of the A-League club. Getty Images
KordaMentha’s Andrew Knight, in a statement, said on Saturday that “an orderly sale process … would commence immediately”.
The appointment follows a tumultuous period for the club, which was looking for new investors earlier this year.
Australian Professional Leagues chief executive Danny Townsend travelled to Perth earlier this year to drive the process, with Mr Sage hoping to sever financial ties with the club he injected millions into over more than a decade.
In April, Mr Sage said he had found a potential buyer for the club, claiming they were willing to buy a 40 per cent stake. He said escalating costs and revenue loss over the past few years had forced him to reconsider a sale.
A forced move to Macedonia Park last season also damaged crowds, but Mr Sage denied at the time that the APL was paying player’s wages.
“I could have sold the club 18 months ago, but they wanted to change the name and colours, and that for me, that’s not negotiable – it’s got to be Perth Glory, and it’s got to be majority of purple,” Mr Sage said in April.
In June, Perth Glory’s head coach Ruben Zadkovich resigned after just one full season in charge of the club.
The future of the players, coaches and business executives is unclear.
The end of the last season led to an exodus of squad members from the squad – in June three players had signed with the club, while 13 headed for the door – including young
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