The company overseeing $75 million in investments for a host of high-profile names, including Collingwood legend Scott Pendlebury, has been ordered into liquidation at the request of an investor.
The collapse comes as shareholders in the troubled Western melbourne Group scramble to find new lines of funding, as a D-date looms over the project that was to build a large sporting complex on Melbourne’s western fringe.
The Sayers Road Investment Co – which oversees the Sayers Road Trust – was placed into liquidation last month on the orders of a Queensland judge.
Sayers Road Trust is one of the main companies behind the Western Melbourne Group’s plans to build a sporting, entertainment, health and retail precinct in Tarneit, that would house A-League team Western United.
The trust and the project were overseen by controversial sporting entrepreneur, former player manager and financial adviser Jason Sourasis.
Sourasis, once one of the top names in AFL player management, has been battling legal…