The club, formerly owned by West Australian businessman Tony Sage, informed staff of the new owner on Tuesday afternoon.
Embattled A-League club Perth Glory is expected to be purchased by Melbourne property developer Robert Brij, in a multimillion-dollar deal that will attempt to make the West Australian team financially viable., West Australian businessman Tony Sage, was unable to find new investors. A search for a new buyer has run for the past three months.
The acquisition will come four months after Mr Brij’s Primeland acquired one of Melbourne’s best-known boutique hotels, the Brighton Savoy, with plans to redevelop the prime Bayside site into a $120 million mix of luxury apartments and townhouses. Primeland, which began in 2017 runs a range of projects including a 123-hectare former GM Holden car assembly factory in Adelaide acquired by developer Ross Pelligra in 2017, a boutique hotel development in East Melbourne and a 160-room Holiday Inn in Richmond.The terms of the deal are unclear, but it typically costs up between $50 million to $60 million to fund a club over a five-year period.covers wagering and the business of sport from the AFR's Sydney newsroom.
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