In a move that could have massive consequences for Irish football, Galway United have voted to accept an off ser from Saudi Arabian investors for a majority stake in the club.
The First Division side have responded favourably to the investment proposal, on that is set to see the potential buyers invest €500,000 into the club in the next few days.
A statement on the club’s website read:
“Galway United FC is 100% owned by the Galway United Friends Co-operative and at the Special General Meeting (SGM) this evening (Monday, June 18th, 2018) members voted in support of the motion to accept the offer by a third party to take a majority shareholding in the club.
“As a result of this decision, the board will now continue discussions with the investors.”
Currently in the hands of the Galway United Friends Co-op, the club had first been approached by the investors last month with a range of proposals that would see significant improvements made in areas of the first team, underage setup, training facilities and Galway United’s role in the community.
The potential change at boardroom level comes on a day when there has also been a significant development in the managerial dugout. It was earlier confirmed that manager Shane Keegan had left the club by mutual consent with the Tribesmen sitting in midtable (12 points behind leaders UCD), 18 months after taking the reins at Eamonn Deacy Park.