The Buzz | A-League’s Newcastle Jets sold to Shenzhen-based Ledman Group

Football Federation Australia has sold the A-League club Newcastle Jets to China’s Ledman Group.
FFA chairman Steven Lowy said the Ledman Group’s investment is a significant step in Australian football’s engagement with Asia.
“Ledman’s move is a signpost towards our future in the fastest growing football region in the world,” Lowy said. Details of the deal were not disclosed.
The Shenzhen-based Ledman Group, a manufacturer of high-tech LED signage, is an official partner of the Chinese Super League and owns a club in the third tier of China’sdomestic competition.