Reports have emerged this morning that League of Ireland side Dundalk F.C. are to be taken over by a US consortium and that an announcement is expected this later in the week.
According to the Irish Independent, an investment company named 'Peak6' are backing the consortium, with a view to taking 100% control of the club. The club may be able to confirm the change of ownership by tomorrow.
Dundalk almost faced extinction in 2012, having suffered a disappointing campaign, starving off relegation by beating Waterford 4–2 on aggregate in the promotion/relegation playoff. Stephen Kenny was appointed manager the following year and results dramatically improved, finishing in second place in 2012/13 season.
The next three years under Kenny proved to be more than fruitful as they secured three League of Ireland titles in a row from 2013/14 - 2015/16 season.
In 2016 they faced the possibility of having to play all of their home games away from Oriel Park because of their former owner Gerry Matthews. Matthews retained the lease on Oriel when he left but the FAI’s licensing process explicitly requires clubs to be able to guarantee the availability of their home ground for all games to be played during the season. The long-standing dispute was finally resolved last year. The would-be owners have yet to be drawn on their plans for any potential upgrade of the facilities.
The news comes as a major boost to Dundalk and their supporters ahead of the upcoming League of Ireland season, they finished runners up and five points off eventual winners Cork City last season.