A-League outfit Perth Glory’s future has been assured regardless of being positioned in receivership and long-time proprietor Tony Sage having relinquished the membership’s licence.
The Australian Professional Leagues – which runs the A-League – introduced on Saturday that it had appointed advisory agency KordaMentha to “manage” the receivership course of for the Glory, and that Sage would “cease in his ownership of the club immediately”.
KordaMentha will “ensure” the membership’s “obligations” are met whereas an “orderly sale process” takes place.
APL chief government officer Danny Townsend stated the Glory had “faced incredibly difficult circumstances over the last five years”.
“We are pleased to close off this period of uncertainty for players, staff, members and fans as they continue their preparations for next season,” Townsend stated.
“Here we have a process which allows for the club’s operations to continue … while the technical adjustments are made to the club’s ownership structure.
“Under this league structure, the continuity of our clubs is now guaranteed by the league.”
Sage, who has owned the Glory for 17 years, stated in a membership assertion: “It is with profound sadness that I can confirm my decision to step down as owner of this wonderful football club which is so close to my heart and will always remain so.
“I have often referred to Perth Glory as my fourth child and that provides an insight into just how profoundly difficult it is for me to step away.
“My family has invested millions into the club to put competitive men’s, women’s and youth teams on the pitch to represent this great club and our state and provide a genuine football pathway for all aspiring WA footballers.
“However, I have always maintained that everything I do is in the best interests of the club and that commitment underpins this decision.”
Glory chief government officer Anthony Radich thanked Sage for his “enormous contribution” to the membership.
“As we now transition into a new era, I would like to reassure our members, fans, corporate sponsors and all other stakeholders that this news is very much a positive development,” Radich stated.
Originally revealed as Perth Glory’s A-League future is secure regardless of being positioned in receivership
Source: www.dailytelegraph.com.au
