Sydney takeover complete

David Traktovenko and Paul Ramsay have announced that they will become the major shareholders in Sydney FC with an equal and combined shareholding of 74 per cent at the completion of the current A-League season.

Mr Traktovenko and Mr Ramsay have developed a close friendship in recent years and are excited by the opportunity to become majority owners of one of Australia's premier football clubs as well as be involved in Australia's fastest-growing sport, the two said in a statement.

They recognise the huge potential football has in Australia and see great scope to grow Sydney FC into an internationally recognisable brand and one of the Asia-Pacific's premier football clubs.

Mr Traktovenko and Mr Ramsay plan a clear, long-term strategy for Sydney FC that delivers success on and off the field. Key to that objective will be engagement with Sydney's large and diverse football community, sponsors
and partners.

Mr Ramsay said this was a rare opportunity.

“The Lowy family has made an outstanding contribution to not only Sydney FC but to the popularity and
growth of football in Australia,” Mr Ramsay said.

“I would also like to involve myself in the club, personally and through my business interests, and how it engages with children to make a positive contribution to young people in the community.”

Mr Traktovenko added: “Sydney FC has the most passionate and committed fans in the A-league and is ideally placed to grow its following and performance. I am excited to become more involved with the club's direction.”

Mr Traktovenko will continue to be represented on the Sydney FC board by his son-in-law Scott Barlow, whose principal remit will be the club's strategic direction.

Mr Traktovenko and Mr Ramsay are delighted that the Lowy family would continue to be shareholders in Sydney FC.

David Traktovenko is one of the original major shareholders in Sydney FC and has had a long association with top flight European football. He is a former chairman and majority shareholder of Zenit St Petersburg. He is also the former chairman and joint owner of a top 10 commercial bank in Russia.

His business interests have since expanded to include insurance, leasing, factoring, auditing and consulting activities; and, more recently, large scale residential and commercial property development in Russia.

Paul Ramsay is chairman of the Paul Ramsay Group of Companies which has operated for more than 45 years in real estate, health care and communications.

He is the chairman and majority shareholder of Ramsay Health Care Limited and Prime Media Group.

Mr Ramsay is also a director of the George Gregan Foundation, the Youth Mental Health Advisory Board and
The Australian Science Media Centre.

Scott Barlow is a current director of the Sydney FC board. He is the founder, managing director and a major shareholder in the STRADA group of companies which operates a commercial and residential property
development and investment company.

Mr Barlow has previously held positions in corporate finance and corporate strategy.
Source: SBS