The group were keen to obtain a percentage of the A-League powerhouse.
Football Federation Australia have terminated an audacious bid from the Panthers Group to buy a stake in Western Sydney Wanderers.
It’s claimed that the Panthers made their interest known two months ago and were keen to obtain shares at the Parramatta Stadium to get the ball rolling on their scheme to form a western Sydney “super club” and become one of the largest sporting franchises in the Australia.
The organisation are also rumoured to have proposed the building of an new multi-purpose stadium to Penrith, which they felt would gain the support of state and federal governments, but were knocked for six when the FFA mothballed their proposal without an explanation.
A plan to relocate the Wanderers from their current home base to the Panthers Stadium is believed to have been a determining factor in the rejection.
“We have been clear from day one that we want to identify the right owners who will respect the culture of the Wanderers and the western Sydney football community,” FFA chief executive David Gallop told the Sydney Morning Herald.
”We have given assurances to the fans that the name, colours and the key elements of the club will be enshrined in the sale process.
”Why would we think about selling the Wanderers to a club from another code? And equally you have to wonder why a club from another code would want to invest their money and spread their resources to build up a rival?
”I guess it all just shows what a powerhouse the Wanderers have become in the west of Sydney and Australian sport.”