The Western Sydney Wanderers’ sponsorship agreement with a collapsed developer has been terminated, as staff at the company are stood down without pay and the state government remains unconvinced about providing financial assistance.
The Wanderers confirmed on Friday its sponsorship agreement with Bathla Group has been terminated.
“The club remains in a strong position and is focused on delivering on- and off-field success for our members, fans, partners and the western Sydney community,” the A-league club said in a statement.
Bathla Group entered voluntary administration on Tuesday and corporate restructuring agency Teneo was appointed to oversee the company and its hundreds of related entities, including Universal Property Group and Raj & Jai Construction.
Bathla’s collapse adds further pressure to the state government’s housing agenda, which is struggling amid concerns about the feasibility of apartment construction west of Parramatta.
The NSW government has been approached for a lifeline but…