Perth Glory Is Still With Sage, Not Selling To Bitcoin Company

Perth Glory and Tony Sage:

Perth Glory is an Australian professional football club based in Perth, Western Australia. Perth is known to be one of the three A-league clubs to survive from the now-defunct National Soccer League (NSL). The club is currently owned by Tony Sage since 2009. Tony Sage is a Western Australian Businessman, Chartered Accountant and a fund manager.

Tony sage is the only owner for Perth Glory, which makes management of the club is very hard for him and draining financially. The financial loss which he faces is summed up to $2.9 million which broke him completely and he was willing to sell the club.

Tony Sage, however, had some terms and conditions with him which made the bargain not possible for quite some time. The conditions were regarding the outfit of Perth glory that he wanted it to remain the same no matter what company or individual wants to buy the club.

London Football Exchange wants Perth Glory:

Later on 12th February this year the news arrived that Tony Sage was in talks with the London Football Exchange to sell 80% stake of his club by retaining still 20% with himself.

The discussion of the deal took place in Dubai as London Football exchange wants a 100% stake to which Tony Sage didn’t agree as he still wanted to be the part of his Club Perth Glory.

London Football Exchange (LFE) is a blockchain company that focuses on embedding the cryptocurrency ecosystem into the football arena.

Tony Sage backs out:

Unfortunately, the deal doesn’t go well and Tony sage backed out from it saying “it doesn’t want to sell A-league club to some controversial bitcoin company”. The reason was London Football Exchange is reportedly being sued in New York and London for various business matters.

LFE’ Founder Jim Aylward also to make things worse conducted some catastrophic interview one after another in his attempt to promote the group’s first club acquisition.

In each interview, he refused to brief the details of what it means for LFE to buy the Glory and what use it has in its mind.

In the same year, Tony Sage had been appointed as chairman of LFE in January and his term of chairman was about to begin from march but due to this negotiation collapse, it will be unlikely that he stills holds the position of Chairman in LFE.