The company of Perth businessman Tony Sage, which still counts embattled A-Leagues club Perth Glory among its key assets, has been hit with a wind-up application as the club’s sale looms.
The move comes just months after receivers at KordaMentha were handed certain assets within the company by the A-League’s governing body, Australian Professional Leagues, which slapped Okewood with a breach notice. And a receiver’s report lodged with the Australian Securities and Investments Commission in August and obtained by this masthead reveals it did so to the tune of $4.4 million, making it the entity’s second-largest creditor behind Okewood itself – which is said to have loaned the club $33 million.he was at a loss as to the development and would be engaging with his lawyers.
Sage has previously said he spent $48 million over his 17-year tenure trying to keep the organisation afloat, pinning its recent financial hardship on the impact of COVID-19 on its income streams and its forced relocation from HBF Park during a revamp for the FIFA Women’s World Cup.
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