South Melbourne Chairman has been a naughty boy according to ASIC,
Might have lost a Sponsor or 2 at a guess
ASIC has cancelled the Australian Financial Services licence of MWL Financial Services Pty Ltd (MWL) and banned MWL’s director Nicholas Maikousis for 10 years over conduct in relation to the Shield Master Fund (Shield).
https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-181mr-asic-cancels-afs-licence-of-mwl-financial-services-and-bans-mwl-s-director/