Dermot Desmond looks set to take a 25% share in League of Ireland side Shamrock Rovers, if the proposals put on the table are approved at a meeting of the board in the coming weeks.
Desmond in one of Ireland’s richest and he is currently the largest shareholder in Scottish Champions Celtic. Rovers are currently owned by a mixture of the Members club and Mr Ray Wilson who both have 75% and 25% stake at present. Shamrock Rovers released a statement it revealed that proposals have been drawn up between the board and Wilson to bring Desmond in.
The statement said “His sole motivation in considering this investment is to advance the cause of Shamrock Rovers.”Mr Desmond is especially interested in supporting Shamrock Rovers’ ambitious plans to further develop the club’s Academy and building on the very strong foundations laid by the club in recent years.”Mr Desmond sees any involvement with Shamrock Rovers as being more akin to a trustee than a shareholder.
According to RTE Sport the members club have been provided with information on the proposed deal. They state that a meeting will be scheduled shortly to vote to accept or reject the proposals. The statement continued, “Should the proposals be accepted by the membership, the new ownership structure of Shamrock Rovers will be made up of the Members Club (50%), Mr Ray Wilson (25%) and Mr Dermot Desmond (25%).”There will be no further comment by any party involved in the discussions until after the general meeting.”