Sport
Chinese company agrees to buy A-League team Newcastle Jets – FTBL Australia
Chinese investment firm Sky Jade Capital have agreed in-principal to buy A-League Team Newcastle Jets from current owner Martin Lee, according to the Sydney Morning Herald.
Lee former an agreement with the club that is hoped will put an end to the Jets’ financial woes in the midst of the A-League’s current financial crisis.
Lee first announced he was selling the club 18 months ago, not long after first acquiring the team in 2016.
Under Lee’s moderately successful reign, in which he spent nearly $20 million on buying and then improving the club, Newcastle became the surprise packet of 2018 making the Grand Final at McDonald Jones Stadium under Ernie Merrick.
Newc…
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