Football Federation Australia Announces June Sale Of A-League Side Western Sydney

Football Federation Australia will "start the next financial year banking a multi-million-dollar windfall," with the sale of A-League Western Sydney Wanderers set to be "formally announced on June 30," according to Tom Smithies of the Sydney DAILY TELEGRAPH. The "long-awaited deal" will see ownership of the club pass to a "consortium chaired by Primo Smallgoods businessman Paul Lederer, who has become increasingly involved in the running of the club already as an existing director." Sources "close to the deal" said that it is for less than the A$12M ($10.9M) figure "reported widely, but it will still represent a substantial windfall for the governing body" after the club was created by a A$5M government grant less than two years ago. Lederer will be joined by Pirtek Founder Peter Duncan, Filipino-Chinese businessman Jefferson Cheng and a fourth investor "whose identity has not yet been divulged" (DAILY TELEGRAPH, 3/17).