Glenavon have 'found the perfect investment partner' as Irish League club takeover completed
Glenavon believe they’ve “found the perfect investment partner” after confirming Football International Limited have completed their takeover of the Irish League club.
In January, shareholders were invited to Mourneview Park to discuss the finer details of a strategic partnership which ultimately received the green light.
Glenavon become the latest Irish League club to accept outside investment with the agreement seeing Cathal Morrison, Alberto Valdes, Michael Stephens and Christopher Parry join the Board of Directors.
“It has been a genuine pleasure working with everyone involved throughout this process,” said Morrison. “From the board and staff to shareholders and supporters, we have been made to feel extremely welcome and have appreciated the board’s transparency and the shareholders’ trust.
“As a multinational group with partners spread across Europe and North America, we fully recognise the deep history and pride associated with Glenavon Football Club and Northern Irish football in general.
"Our intention is to protect that history going forward, support the Club in measured and responsible ways, and build a legacy together.”
Warren McCleary on behalf of Glenavon said: “We are really excited to have completed this deal with Football International Limited.
"Not only does this deal secure the financial future of the club but the skill sets and experience of the new directors means that we expect to significantly improve the performance of every aspect of our club.
“The club have been exploring the option of external investment for some time, and we believe we have found the perfect investment partner.
"We couldn’t have done this without the help of Alexander Jarvis of Blackbridge Sports LLC, who introduced us and guided us through the process.
"We’d also like to thank our solicitor, Damian McParland, of Millar McCall Wylie, who guided us through the legal process.”