Traktovenko to take control of Sydney FC

May 4, 2012
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 ...

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