Football
AAP 8y

A-League club Newcastle Jets bought over by China-based Ledman Group

A-League team Newcastle Jets have been bought by China-based high-tech LED signage manufacturer operator and integrated sports business Ledman Group.

Martin Lee,the major shareholder and chairman of Ledman -- a company valued at over one billion Australian dollars -- said his company is excited by the opportunity to invest in the A-League.

"We see a bright future for football across Asia and the Hyundai A-League is at the forefront as one of the top professional leagues in the region," said Lee.

"The investment aligns with Ledman's activities in several sectors of the sports industry and I'm excited by the potential of the club.

"Most of all, I understand that the Newcastle Jets are a very important part of the Newcastle community.

"I want to work closely with everyone in Newcastle, the fans, members and the local football community, to make this club the best it can be."

The Jets have been under the ownership of the Football Federation of Australia (FFA) since May 2015, and FFA CEO David Gallop was delighted that the club now had a new owner with considerable sports industry knowledge.

"I warmly welcome the Ledman chairman and majority owner Martin Lee to Australian football and the Hyundai A-League," said Gallop.

"Over the past few months of talks over the purchase we have been impressed by Ledman's plans and ambitions for the Newcastle Jets as part of its global football investments.

"I'm pleased that from the outset community engagement and football development in Newcastle and northern NSW have been top priorities for Ledman.

"This move is significant for the way it demonstrates the Hyundai A-League's multiple connections to Asia."

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