Galway United are closing in on a takeover of the club from Saudi Arabian investors. It is been billed as one of the biggest developments ever in Irish football.
RTE Sport report that the FA supports the expected takeover of the first division club which is currently a club owned by the fans. The Galway United Friends Co-Operative is set to hold a meeting regarding the potential takeover on Monday 18th at 8pm. The only item that is currently on the agenda is seeking approval for third party investment. Subject to the acceptance of member’s in a vote on Monday week Galway will give majority control to the Saudi investors who have experience of running football clubs. One of the investors goals is to development the youth games at the club as well looking to qualify for the Europe League or Champions League.
According to RTE Galway met with investors last week and they impressed what they had to offer. Galway currently don’t own the stadium they play at as it currently owned by the Galway FA, however the investment may see a new stadium been built or some restructuring work done. The current underage sides have currently no home ground so an investment here is also likely.
The club ran into difficulty in 2011 in terms of finance. They had to drop out of the league of Ireland in fact. However they returned in 2014 as Galway United having initially played as Galway FC. The club were named Galway United then in 2015 but were relegated once again last year.
The investment will be a massive boost for the club and it will mean more new players and may be even some new pitches for the underage clubs.