Soccer tycoon Bill Papas’ home in Rozelle re-entered the market last week, as part of his assets being liquidated following fraud allegations against him. Papas has been in Greece since a warrant was issued against him while his assets were frozen.

The luxurious holiday home on the NSW Central Coast, specifically in Wagstaffe, had been expected to fetch a record price for the region, evaluated at $13.5 million by Central Coast Belle Property.

Back in 2020, the seven-bedroom home set another record selling at $9.5 million. Other features include a replete with an infinity pool, a walk-in cellar and a private jetty.

Amidst COVID-19 related difficulties and urgency to cover fees, liquidators have quietly sold his inner west home for about $4.4 million, a much lower price that w was initially sought.

Papas, has been in a legal battle with Westpac since last July, soon after revelations that his equipment leasing and managed services provider company Forum Finance had been using false invoices and forged signatures to obtain loans without the consent of at least seven of the bank’s corporate clients. In all, Westpac is claiming $500 million lost.

His other home in Rozelle was sold for $4.4 million by agents from CobdenHayson Balmain, acting on behalf of liquidators from McGrathNicol.

Meanwhile, another one of Papas’ estates, this time in Bulkara Street in Wagstaffe, is also expected to hit the market with a $9 million price tag.