The former president of the Lawn Tennis Association of Australia and owner of Melbourne Sports Depot was elected as president in November 1978 along with a new committee to replace the retiring John Mitchell. Before the 1977 season started he had been feted as a potential President of the VFL.

He had joined the board just a month before, to replace Dick Fenton-Smith as a casual member of the committee. One of the new committee's first actions was to sack coach Dennis Jones after one season where he had taken the Demons to a wooden spoon.

Reid left at the end of 1980, replaced by Billy Snedden. In March 1981 he was elected president of the International Assembly of National Confederations of Sports.

Lists
Administrators

Media
"VFL men getting to know Wayne" - The Age 13/01/1977
"Reid to be top Demon" - The Age 21/11/1978
"Demons' coach to be axed?" - The Age 29/11/1978
"Reid reaches top in international sports" - The Age 27/03/1981