Tony Sage

Last updated

Tony Sage
Born (1960-06-26) 26 June 1960 (age 64)
Website tonysage.com.au

Antony William Paul Sage, known as Tony Sage (born 26 June 1960), is a Western Australian businessman who was also the owner of A-League football club Perth Glory.

Contents

Biography

Born in Gloucester, England, on 26 June 1960, Sage moved with his parents to Australia in 1969, residing first in Adelaide, then Melbourne and Sydney before again moving to New Zealand with his mother and father in 1975. In 1978, he went to Western Australia and enrolled at Churchlands College (now part of the Edith Cowan University) in Perth. He graduated with a Bachelor of Business (Accounting and Finance) in 1980. He later became a Fellow of the Society of Certified Practising Accountants, a Chartered Accountant, and a Fellow of the Taxation Institute of Australia. He has three children.

Corporate interests

Mining and resources

In 1997 Sage formed the consulting firm Okewood Pty Ltd to finance and manage mining and exploration companies in Australia and overseas. Sage came to corporate prominence in 2008, when he sold a magnetite project called Mt Anketell to the Metallurgical Corporation of China for $400 million after buying it 18 months earlier for just $20m. In 2009 he asset flipped CopperCo from receivership and after converting its debt to equity, sold the CopperCo assets for approximately $300m. The sale of African Iron Ltd to Exarro for approximately $375m took place in 2012. [1]

In October 2014 Sage became Executive Chairman of Cape Lambert Resources Ltd, and Non Executive Chairman of Cauldron Energy Ltd and Fe Ltd. He is a non-executive director of Kupang Resources Ltd, Caeneus Minerals Ltd, and International Petroleum Limited and Managing Director of his consultancy business Okewood Pty Ltd. [2]

From 2012 to February 2014, Cape Lambert was the subject of continuing investigations by the Australian Taxation Office. The result was a $96m assessment issued to his flagship company, Cape Lambert Resources Ltd, plunging the share value by 75%. After two years of intense scrutiny, the ATO settled for $2.4m. [3] [4]

Perth Glory

In 2007 Sage purchased a part ownership stake in A-League football club Perth Glory, and fully took over the club in 2009 after buying out co-owner Brett McKeon. In 2020 he began the process of selling part of the club to the London Football Exchange, a football-based Cryptocurrency exchange, for a price of $30 million. [5] [6] The deal fell apart after the founder of LFE was revealed to be using a fake identity, and was actually convicted fraudster James Abbass Biniaz. [7]

Sage stepped down as owner of the club in 2023. The club was issued a breach notice & Sage was stripped of the license due to financial turmoil that included requiring loans from the central administration of the league to pay staff & player wages. [8]

Fashion and media

Sage was part owner of the Perth Fashion Festival until it went into administration and ceased operations in 2019. He was also the owner and publisher of the defunct Kurv fashion magazine. [9] [10]

Related Research Articles

<span class="mw-page-title-main">Perth Glory FC</span> Australian professional football club

Perth Glory Football Club is an Australian professional soccer club based in Perth, Western Australia. It competes in the country's premier men's competition, A-League Men, under licence from Australian Professional Leagues.

<span class="mw-page-title-main">Poseidon bubble</span> Australian stock market bubble

The Poseidon bubble was a stock market bubble in which the price of Australian mining shares soared in late 1969, then crashed in early 1970. It was triggered by the discovery by Poseidon Nickel of the early indications of a promising nickel deposit in September 1969.

<span class="mw-page-title-main">Tony Popovic</span> Australian association football player and manager

Tony Popovic is an Australian association football manager and former player. His last management role was as manager of A-League club Melbourne Victory.

Michael Robert Hamilton Holmes à Court was a South African-born Australian businessman who became Australia's first billionaire, before dying suddenly of heart failure in 1990 at the age of 53.

Richard Hugh "Rick" Allert AO is an Australian businessman who was chair of Tourism Australia from 2007 to 2012.

Sakumzi Justice Macozoma (Saki) is a South African former political prisoner who is now one of South Africa's most prominent businessman and a leader in civil society.

<span class="mw-page-title-main">Jacob Burns (soccer)</span> Australian soccer player

Jacob Geoffrey Burns is an Australian former professional footballer who played as a defensive midfielder.

<span class="mw-page-title-main">Minara Resources</span> Mining company in Western Australia

Minara Resources Pty Ltd is a mining company in Western Australia, specializing in the mining of cobalt and nickel. It is wholly owned by the Swiss commodities trading firm, Glencore as of November 2011. Minara operates the Murrin Murrin Mine located in the north-east Goldfields region of Western Australia which is one of the top ten nickel mines in Australia.

<span class="mw-page-title-main">Mitsui & Co.</span> Japanese corporation

Mitsui & Co., Ltd. is one of the largest sogo shosha in Japan; it is part of the Mitsui Group.

Alistair Martin Edwards is an Australian former soccer player and coach. A prominent forward, he made a name for himself with National Soccer League clubs Sydney Olympic and Perth Glory. He was also a favourite with Malaysian League teams Sarawak FA, Selangor FA, Singapore FA, Johor FA and Kedah FA in the 1990s. Alistair is currently the Chief Executive Officer at Johor Darul Ta'zim.

<span class="mw-page-title-main">Mining in Namibia</span>

Mining is the biggest contributor to Namibia's economy in terms of revenue. It accounts for 25% of the country's income. Its contribution to the gross domestic product is also very important and makes it one of the largest economic sectors of the country. Namibia produces diamonds, uranium, copper, magnesium, zinc, silver, gold, lead, semi-precious stones and industrial minerals. The majority of revenue comes from diamond mining. In 2014, Namibia was the fourth-largest exporter of non-fuel minerals in Africa.

Scott Gooch is an Australian sports administrator and former Australian rules football player. Gooch is currently General Manager for Commercial Partners at the Fremantle Football Club.

Perth Glory Football Club is an Australian professional soccer club based in Perth, Western Australia. It competes in the country's premier women's competition, A-League Women. The team was established in 2008, with the founding of the new league.

Lui Giuliani is an Australian businessman.

Tony Pignata is an Australian football administrator and current chief executive of Football Tasmania. His previous positions include chief executive of Football Federation Victoria, Perth Glory, Sydney FC and inaugural chief executive of Wellington Phoenix FC in the A-League from 2007 to 2010.

The Youanmi Gold Mine is a gold mine 82 km south-southwest of the town of Sandstone. It is near the abandoned town of Youanmi, in the Murchison Region of Western Australia.

<span class="mw-page-title-main">West Angelas mine</span> Iron ore mine in Western Australia

The West Angelas mine is an iron ore mine located in the Pilbara region of Western Australia, 110 kilometres North West of Newman.

Mount Cuthbert is 100 kilometres north-west of Cloncurry, Queensland. It was once a copper mining town, booming in 1918, when Pugh's Almanac Queensland Directory estimated Mount Cuthbert's population at 750. It recorded six boarding houses, a hotel, a racing club and several stores in the town. Mount Cuthbert's population quickly declined mainly due to the global collapse of the copper market. Mt Cuthbert in the 1921 census had population of only 267 and by 1924 Pugh's notes that most storekeepers had left. The Railway branch line to Mount Cuthbert was closed in 1949.

<span class="mw-page-title-main">Murray & Roberts</span> South Africa based construction contractor

Murray & Roberts Holdings Ltd. is a South African-based engineering and mining contractor. It is listed on the JSE Securities Exchange. The Group delivers its capabilities into three global primary market sectors the resources, industrial, energy, water and specialised infrastructure market sectors.

HotCopper is an Australian stock market online chat forum that allows its users to discuss financial topics. As of 2015, HotCopper was in the top 170 websites in Australia and was the 5th most popular financial services site in Australia, according to Alexa rankings. In June 2022, the site ranked third in it category, as the 193rd most popular site in Australia, with six million annual visits.

References

  1. ↑ Board of Directors, Fe Ltd official website
  2. ↑ Cape Lambert Resources Ltd Archived 2014-10-06 at the Wayback Machine official website. Retrieved 2 October 2014
  3. ↑ Ker, Peter; Spooner, Rania No glory for Sage after police raids
  4. ↑ Australian Federal Police raid Perth offices of mining boss Tony Sage ABC News, 6 February 2014
  5. ↑ Cockerill, Michael (10 December 2011) Money men deserve seat on FFA board, says Glory owner
  6. ↑ Simon Hill talks to Perth Glory owner Tony Sage about the club's current woes. Fox Sports, 11 March 2014. Retrieved 2 October 2014
  7. ↑ "Criminal record of would-be Perth Glory buyer revealed". 24 February 2020.
  8. ↑ https://www.theage.com.au/national/western-australia/tony-sage-out-as-perth-glory-go-into-receivership-20230722-p5dqfn.html [ bare URL ]
  9. ↑ "Perth magazine shakes up the housewives of Rodeo Drive". 24 May 2011.
  10. ↑ "Mine guru pilots Perth fashion". September 2008.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.