Previous
Manchester City
Manchester United
Postp
Game Details
Cheltenham Town
Bristol City
6:45 PM UTC
Game Details
Sarmiento de Junín
Los Andes
9:00 PM UTC
Game Details
Flamengo
América Mineiro
11:00 PM UTC
Game Details
Next

Man City and Napoli eye Ayew - sources

Transfers
Read
By ESPN Staff

Traktovenko to take control of Sydney FC

Russian billionaire David Traktovenko is set to take a majority stake in Sydney FC, the A-League club announced on Friday.

Traktovenko, a foundation shareholder, will reportedly own more than 90 per cent of the club, with fellow billionaires Frank Lowy and Paul Ramsay drastically scaling back their involvement with the club.

As a result of the changes, Sydney said long-term board member and vice chairman Scott Barlow would take on the role of chairman.

"We are pleased to now be in a position to increase our shareholding and fund the club into the future," Barlow said.

"We have been a shareholder in Sydney FC since day one and our passion and commitment to the club is as strong as ever."

The club said it would announce further changes to the composition of the board soon.

It said Ramsay and Lowy, who reportedly held 37 and 15 per cent shares respectively, would retain shares "but will not participate in future capital raisings."

Traktovenko is a former owner Russian champions Zenit St Petersburg.

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.