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Perth Glory owner Tony Sage admits he is sceptical about selling the club to controversial bitcoin investment group London Football Exchange

Perth Glory owner Tony Sage admits he is now sceptical about the sale of the A-League club to controversial London-based bitcoin investment group London Football Exchange.

“Any new concept that people don’t get, we are all sceptical about, myself included, hence my trip to London for three days to check them out,” Sage said in a message to Glory members, sponsors and fans.

“LFE ‘s concept is brilliant but will it work?

“I don’t know and that’s why I am spending three days with their team in London with independent experts.

“The whole blockchain crypto world was supposed to be dead six years ago, but it thrives. I don’t get it myself, but it does seem to work.

“Remember Mark Zuckerberg was also laughed at and ridiculed when Facebook started.”

Sage may be having second thoughts about the plan to offload 80 per cent of the club to LFE after it generated widespread criticism and concern and has given himself plenty of wriggle room in the statement.

Bruno Fornaroli poses with CEO Tony Pignata and team owner Tony Sage following a Perth Glory A-League press conference.Bruno Fornaroli poses with CEO Tony Pignata and team owner Tony Sage following a Perth Glory A-League press conference.
Camera IconBruno Fornaroli poses with CEO Tony Pignata and team owner Tony Sage following a Perth Glory A-League press conference. Credit: Paul Kane/Getty Images

“If, after this due diligence process, the final deal in London is not good for PGFC, of course PGFC won’t sign up,” he said.

“If PGFC do sign up NOTHING changes at Perth Glory other than with extra funding, we will be able to compete with the bigger clubs in Australia and Asia.

“Don’t believe fake news. No deal has been executed by PGFC with the London Football Exchange.

“Your club has not been sold and I have not even sent anything to the FFA for approval.

“Once I am comfortable I will.”

Sage claims the deal was “leaked” after he told Glory players and staff about the impending deal.

“I only told the staff and players because I did not want them to stress as I was boarding a flight that night and because once lawyers and experts get involved, things may have leaked out.

Glory owner Tony Sage celebrates winning the round one A-League match between the Perth Glory and the Brisbane Roar.Glory owner Tony Sage celebrates winning the round one A-League match between the Perth Glory and the Brisbane Roar.
Camera IconGlory owner Tony Sage celebrates winning the round one A-League match between the Perth Glory and the Brisbane Roar. Credit: Paul Kane/Getty Images

“The players are heading to Tokyo (for their Asian Champions League match) and would have read social media about their club being sold.

“I stressed at the meeting with the staff and players that I am going to London to talk about their (LFE) offer and how it all works.

“Nothing changes on a day to day basis. l stay on as chairman and in control of the club for the next three years.

“All the staff will also be staying. FFA are aware of my discussions.”

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