Perth Glory can confirm that the club’s potential new owners, the Prime Land group-led consortium, were unable to satisfy certain conditions precedent to the sale transaction and the conditional sale agreement has subsequently been terminated by the Receivers, KordaMentha.
KordaMentha are continuing to work closely with the Australian Professional Leagues (APL) and will re-engage with other interested parties to secure a buyer for the club.
Glory CEO Anthony Radich is confident that the resumption of the sale process will yield a positive outcome.
“Although this news is disappointing, this development is completely out of our control as a club,” he said.
“While not being privy to the exact details behind KordaMentha’s decision, we have complete confidence in their handling of the sale process and trust that they and APL have acted and continue to act, in the very best interests of the club.
“We are heartened by the fact that multiple bidders expressed their interest in buying the club during the sale process and remain optimistic that a new prospective purchaser will identified in the near future.
“We would like to thank our Members, fans, corporates, players and staff for their continued support throughout this sales process period.”