In a statement released on Wednesday, Galway United confirmed that a bid has been made for the club.
Last Friday, it was reported by Johnny Ward on the RTÉ Sport website that a Saudi Arabian takeover is on the cards. It was said the proposed takeover has the support of the FAI.
"Further to recent media reports the board of Galway United FC can confirm an offer has been received to take a majority shareholding in the club," reads the statement.
A Special General Meeting of club members has been called to discuss and vote on the offer.
Galway United FC is 100% owned by the Galway United Friends Co-operative, and at the Special General Meeting (SGM) that has been called to discuss this offer, each co-op member that can attend will vote and ultimately make the decision in relation to the proposed investment. Galway United Friends Co-operative is owned and democratically controlled by its members and is operated on the principle of “one Member – one Vote”.
The co-op would encourage all paid up members to attend the SGM and have their voice heard by voting on the proposal on the night.
This is a proposed long term investment in Galway United and initial commitments outlined include:
1. Investment in the first team to target promotion to the Premier Division.
2. Investment in the development of the club’s underage infrastructure and youth academy.
3. Investment in a Galway United training facility.
4. Recruitment of key personnel to ensure the right structures are in place both on and off the pitch to support the long-term development of the club. These individuals will be at board level, general management and a director of football.
5. To play a bigger role in the community.
Photo by Harry Murphy/Sportsfile