Perth Glory have been placed into receivership because of financial difficulties, ending businessman Tony Sage's 15-year sole ownership of the club, governing body Australian Professional Leagues (APL) said on Saturday.APL said advisory firm KordaMentha has been appointed to oversee the transition of the
Perth Glory have been placed into receivership because of financial difficulties, ending businessman Tony Sage's 15-year sole ownership of the club, governing body Australian Professional Leagues said on Saturday.
The 63-year-old said he battled to keep Perth afloat during the COVID-19 pandemic and the club's finances were also hit by a forced relocation from the Perth Oval, which underwent upgrades to stage Women's World Cup group stage games. "This investment was increased greatly and unsustainably by the impact of COVID-19, which decimated the club's income streams, and then further compounded by our forced relocation last season for 10 of 13 home games.
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