Collingwood icon Scott Pendlebury is suing his former financial adviser claiming a misappropriation of more than $2 million.
Pendlebury has started the lawsuit in the Supreme Court of Victoria against his long-time financial adviser Jason Sourasis - who is also the executive chairman of hibernated A-League franchise Western United.
The 37-year-old has made the following accusations in court documents:
- Sourasis 'improperly withdrew' $2,148,900 out of Pendlebury's investment account via multiple transactions dating back to 2015
- Withdrawals from Sourasis related to Western United or property developments to do with it
- Sourasis owes Pendlebury a $300,000 personal loan that he has not yet paid back after claiming it would be within a day
- Pendlebury extended the terms of the personal by 12 months at 50 per cent interest, but it was never repaid
MORE: Why Western United aren't in the A-League, will they return in 2026?
Sourasis rejected Pendlebury's claims in a statement to ABC.
"The allegations are vehemently denied and, as a legal process has been started, we can't make any further comments at this stage," Sourasis said.
According to court documents, Pendlebury has been a client of Sourasis' Strategic Financial Planning firm from 2013 until earlier this year.
Sourasis is currently executive chairman of A-League team Western United, who won't field teams in the men's and women's competition after having their licence stripped.
Western United have had both their men's and women's teams placed in hibernation for 12 months from the A-League's competition after their owner and operator WMG Football Club Limited were placed into liquidation in August.
The decision came after it emerged the club had a significant tax bill and unpaid wages and superannuation to players and staff, while the club also had a FIFA player registration ban.