Consortium signs off on Wanderers sale

A consortium of prominent businessmen will officially take over the running of the Western Sydney Wanderers at the end of June after signing off on the licence transfer on Thursday. 

Headed by Paul Lederer, CEO of Primo Group, the high-powered consortium includes Sabre Sports United director Jefferson Cheng, Pirtek director and head of international business, Glenn Duncan, and David Slade, a partner in the Australian branch of the UK retail chain Topshop-Topman.

Football Federation Australia established the Western Sydney Wanderers in April 2012 and has held the licence for the past two years.

The club has enjoyed unprecedented success in its short life, lifting the Premiers Plate in its inaugural year.

Wanderers are also two-time grand final runners-up and are currently in the quarterfinals of the AFC Champions League.

But it is the rapidly growing fanbase that has captured most attention and Lederer was quick to emphasise there would be no change to the club's culture.

“The spirit of this club comes from the members, fans and the people of Western Sydney,” Lederer said. “Nothing will change in that regard.

“I have been a director of the club for the past two years and I’ve had the privilege to play a part and see first-hand what makes this club so special.

“The consortium has responsibility to ensure the Wanderers have a sound financial base and a strong administration so the club can continue to grow and be successful on and off the field.”

FFA chief David Gallop said the licence transfer was an important step in the evolution of the Wanderers.

“The Wanderers were built for the people, by the people of Western Sydney,” Gallop said. “That was the promise from day one and FFA has held true to that mission.

“Like FFA before it, the new consortium understands its role as the guardians of the Wanderers. They are entrusted by the members of the club to protect and build on what has been achieved.

“I would also like to take this opportunity to thank Matthew Grounds, Guy Fowler and their team at UBS for the professional manner in which they handled the sale process.”