Rovers Approve Desmond Investment

It has been a winning season for Shamrock rovers, lifting the Extra.ie FAI Cup earlier this month and on Saturday the members of the club voted their approval of what will be a potentially game-changing investment of €2 million by financier Dermot Desmond.

Subject to a final sign off this will see Desmond take on a 25 per cent shareholding in the club, the same as Sydney based Ray Wilson, with the remaining 50 per cent still in the control of the fans.

A statement issued by the club after the Annual General Meeting which took place in Tallaght read:

Shamrock Rovers Members today voted in favour of accepting an investment proposal by Dermot Desmond to become a shareholder in Shamrock Rovers F.C.

Club members gathered at the 2019 AGM in Tallaght Stadium today where the proposal recommended by the Members’ Board was put to the membership.

There was an overwhelming vote in support of the proposal which, subject to final sign off by all parties will see Dermot Desmond become a 25% shareholder in Shamrock Rovers FC Ltd.

The investment comes at a time when the domestic game is set for significant change with a new format, determined by the clubs, likely to be in place by 2021, the same year as the new third level of UEFA club competition will give rise to more opportunity for playing at a level that will generate more income.

Tallaght Stadium is now complete on three sides and is a stadium capable of delivering on ambitious plans to see Shamrock Rovers scale the heights back to the top of the SSE Airtricity League.

The title last went back to the club in 2011, for the seventeenth time in its history.  They finished fifth in 2013 but have been climbing back since then and will see themselves as serious title contenders in 2020.

Where the new money will be distributed will now come to the fore with Desmond’s experience in sport through Celtic and Manchester United being of real value in itself.

 

 

Image credits, Inpho.ie

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