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Galway United Confirm Bid Has Been Tabled For The Club

Galway United Confirm Bid Has Been Tabled For The Club
PJ Browne
By PJ Browne
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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.

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"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

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