A-League Teams to Get Share from FFA Sale of Western Sydney Wanderers

Football Federation Australia Chairman Frank Lowy has revealed all A-League clubs will get a share from their $10 million sale of Western Sydney Wanderers.

The long-awaited deal means ownership of the club will pass to a consortium chaired by Primo Smallgoods businessman Paul Lederer.

Lederer will be joined by Pirtek founder Peter Duncan, Filipino-Chinese businessman Jefferson Cheng and a fourth investor who Lowy confirmed would be David Slade, who is a family friend of the FFA chairman and a partner in British fashion outlet Topshop-Topman.

The FFA, which started the Wanderers with the help of $4 million in federal funding almost two years ago, has been eager to sell the club.

While Lowy called the Wanderers “a good investment”, the amount of money the FFA poured into the club is not known.

Lowy would not disclose what revenue the governing body was expected to make, but he confirmed A-League clubs would get a share.

“The new people who are coming in are very experienced in running the club,” Lowy said.

“I think we’ll get around $10 million or so (for the sale).

“I don’t dare to tell you (the expected surplus). We don’t have the final result and I don’t like to talk before then, but we’ll be sharing some of the surplus with the clubs.

Asked what other areas the money would be allocated to, Lowy simply said: “The whole of the game will benefit from this.”