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"We said our goodbyes as a team yesterday, a month earlier than we'd hoped," football director Shaun Gill said. "We would have loved to have sent all of our players off with an A-League title, but it wasn't to be."
In addition to the exiting eight, midfielder Nicholas Pennington is coming off contract but Gill said the club remain in negotiations over a new deal.
Elliot's departure is a blow for the Phoenix, with the right-back blossoming in his last two seasons to earn two All Whites caps this year. The 23-year-old was named up by former coach Ufuk Talay as a re-contracting priority, but the UK-born defender appears set to try his luck elsewhere.
The departures of Sail, Lewis and Ugarkovic were announced during the Phoenix's run-in, along with Talay, who is attempting to secure a job in European football.
Sail, the club captain, is joining Perth Glory after a long stint with Wellington that has seen him become the All Whites No.1.
Lewis is off to wooden spoon winners Macarthur FC, while Ugarkovic has been linked with premiers Melbourne City. Laws is leaving after three seasons, while Sasse will exit after an eye-catching stint that included a red card on debut.
Italiano, in his debut campaign as a senior coach, will inherit a squad of 12 players from which to build on. He will have one visa slot available following the exit of Sasse, with major gaps to fill in goal, defence and midfield.
CURRENT WELLINGTON PHOENIX 2023-24 SQUAD
Goalkeepers: Alex Paulsen
Defenders: Finn Surman, Scott Wootton, Tim Payne, Sam Sutton
Midfielders: Ben Old, Bozhidar Kraev, Alex Rufer
Forwards: Kosta Barbarouses, David Ball, Oskar Zawada, Oskar van Hattum