TS was just about to spin off Perth Glory to be listed under...

TS was just about to spin off Perth Glory to be listed under some weird crypto currency exchange thing-a-me-bob. This move was profiled and splashed across many national newspapers, and would have fetched him a pretty penny. That fell to pieces when the guy in charge of the listing was revealed to have some history of fraud (verified in newspaper articles). Perth Glory is the only privately owned football club in the league. Last time I checked TS owned the whole lot, but they may have changed recently, given the perilous condition business is in.