He can't sell the Nix because he doesn't own the Nix, at least not in any meaningful sense (and there's certainly not an open market for A-League licences). Terry funds the Nix, and if he wants out his only option is to hand the licence back to the FFA.
God you're talking rubbish - I must have imagined this then...
You might not have imagined it but you definitely didn't read it. There's nothing there that contradicts what I said.
Tell me, what exactly was Traktovenko buying in this situation? Answer: f**k all. He was providing funding to clear debt. In return he got control of Sydney FC, or more correctly the right to put in a pile of cash and hope he might make one day make a profit.
Also, this was not a "sale" on the open market and it never would have happened without FFA consent. Obviously not an issue in this case because of Lowy's involvement.
The point is that Terry can't just go out and "sell" the Nix. And what is there actually to sell? The FFA even own the Phoenix name and branding ffs!
Just because a newspaper headline writer is a bit loose with the language doesn't change the underlying substance of the transaction.