In what is being described as one of the most significant developments in Irish football, Galway United are on the verge of a Saudi Arabian takeover, according to a report by RTÉ.
Galway United, who currently ply their trade in the first division, are a fully fan-owned club and it is understood that the FAI have given their backing to the proposed move.
According to the report, club members will vote on Monday week whether to accept the move and as a result, surrender their majority stake in the club to the new investors.
It is understood that the investors have experience in managing and running football clubs and investment in the club’s youth structures will be high on the agenda.
Galway United were relegated to the first division last season and currently find themselves in fifth place, seven points off league leaders UCD.
The investors also harbour ambitions for the club to compete at European level which will undoubtedly excite supporters of the western club.