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Sign Up Now!Could be nothing, ATO will get their "pound of flesh" though .. would be sad to see Glory fold.Might be a nothing burger
Will the drama never end for A-League basement dwellers Perth Glory? Not only has the club failed to register a win in two months, but now the tax office is trying to appoint liquidators to the struggling club.
Except that Glory’s management aren’t aware of any dispute with the ATO – and the first time they heard about the affair was when they were contacted by an insolvency firm and asked if they needed any help. Which they didn’t think they did.
The ATO filed legal action last week against Perth Glory’s new owners, Perth Glory Football Pty Ltd – owned by Melbourne-based property developer Ross Pelligra – seeking wind-up orders and the appointment of liquidators.
That’s not how it was supposed to go for Glory. Pelligra took control of the club in February for $1, in theory ending years of turmoil under former owner Tony Sage – and after the A-League had pumped in an estimated $11m to keep the WA club afloat after Sage handed back his licence to run the club.
Given the legal action has been taken against Pelligra’s company, founded in January to take control of the club, it seems unlikely the ATO’s action relates to any of the club’s long-running financial troubles.
So what gives? It’s not entirely clear. The ATO declined to comment, and the Federal Court is yet to release the tax office’s legal filings to Margin Call. Glory hasn’t been served with the claim yet, so they don’t know either.
But long-term Glory director Jason Bontempo told us he’s sure it’s all a mistake. The first time Glory’s management heard about the legal action was through a phone call from an insolvency firm trying to drum up a bit of business after spotting the court filings.
Bontempo said the club was confident it was an administrative error – perhaps the ATO was sending correspondence to Perth Glory Football’s registered corporate address in suburban Melbourne, rather than to the accounts department in Perth.
Glory, like the rest of the league, is facing difficult times after the A-League slashed $17m from its distribution to clubs this year after breezing through the $140m raised from global private equity giant Silver Lake three years ago.
But Bontempo assured Margin Call that Glory was not in any financial trouble
The news made for a difficult day for Pelligra, who flew back in from an overseas trip this morning to a flurry of phone calls about the issue.
Pelligra told Margin Call he was as mystified as everybody else, saying he’d sort out the trouble with the ATO just as soon as he worked out what it was.
Pelligra's not stressed, he only paid $1 for the joint .... how much capital gains could he owe if sells it? hahahahahahahaha
Then why are you even bothering to comment on an A League thread? Every team in the comp is a "shitty plastic franchise". Just happens that it's a development league for most of our young talented players, before they make the move OS & eventually become Socceroos.Suncorp Stadium is part of the problem. Too big for the tiny crowds
The Lions FC is the Queensland Lions Club and without doubt the natural recipient of the historical records. This Brisbane Roar thing isn't a football club, it's a shitty plastic franchise....
I think he is making a point of mismanagement, Lets look at the Nix last season. They had a new coach that had never coached in the ALM before, a bunch of kids in there squad and playing a totally new system of football. They were written off as wooden spooners before a ball had even been kicked. Yet they almost won the league coming 2nd. Bris Roar are in the same boat as Nix last year with a bunch of kids and a few older players yet they are handled poorly. No excuses playing a new system can/will work. Having youth can/will work. RZ doesn't work and the club doesn't deserve to be in the league if it wont take it seriously. You don't need a big budget to do well - CCM, Nix and Adelaide have shown that they just have to be coached/managed well.Then why are you even bothering to comment on an A League thread? Every team in the comp is a "shitty plastic franchise". Just happens that it's a development league for most of our young talented players, before they make the move OS & eventually become Socceroos.
Except for the ones that by-pass it altogether .....Then why are you even bothering to comment on an A League thread? Every team in the comp is a "shitty plastic franchise". Just happens that it's a development league for most of our young talented players, before they make the move OS & eventually become Socceroos.
You're overreacting.Then why are you even bothering to comment on an A League thread? Every team in the comp is a "shitty plastic franchise". Just happens that it's a development league for most of our young talented players, before they make the move OS & eventually become Socceroos.
Then why are you even bothering to comment on an A League thread? Every team in the comp is a "shitty plastic franchise". Just happens that it's a development league for most of our young talented players, before they make the move OS & eventually become Socceroos.
Maybe thats right if you ask the club owners that see players as a product... but if you ask the club fans thats a different story.Technically every league is a feeder league to EPL or the two Spanish clubs.
so.... not a fan of plastic I gather? are your coffee cups all recyclable?You're overreacting.
In the A League there's some good plastic franchise's like Sydney, WSW, Auckland, Vic-tor-ree, Melbourne C, Adelaide and some bad plastic franchise's like Perff, Newcastle and one or two others....
Then there's Brisbane Roar who, let's be honest here are an absolute fucking shit plastic franchise......
Took him all of 5 minutes to keep that online personality going before returning to the one of oldso.... not a fan of plastic I gather? are your coffee cups all recyclable?
All laughs aside... the actual effort required in keeping it up is pretty impressive.... terifying.... but impressiveTook him all of 5 minutes to keep that online personality going before returning to the one of old
nah, its easier to scroll past the waffle ... we are ALL against censorship here mateyThis forum has the ignore user functionality. Click on a users image and click ignore. Works pretty good. You still see when they post but not the actual content. I value my time too much to waste it reading some of this nonsense.
Way easier to scroll past when you get a big red flag saying content ignored.nah, its easier to scroll past the waffle ... we are ALL against censorship here mateyWouldn't wanna upset the turbos....
hahahah fair enough.... I find a lot of it hilarious to be honest....Way easier to scroll past when you get a big red flag saying content ignored.
Damn well I hope I'm not on the ignore listThis forum has the ignore user functionality. Click on a users image and click ignore. Works pretty good. You still see when they post but not the actual content. I value my time too much to waste it reading some of this nonsense.
The professional game even from it's origins had players being bought and sold.Maybe thats right if you ask the club owners that see players as a product...
I think Mono would like the game to be amatuer.The professional game even from it's origins had players being bought and sold.