Belfast Telegraph

Glentoran reveal date for vote on takeover

 

New boss: Mick McDermott
New boss: Mick McDermott

By Graham Luney

The most important meeting in the recent history of Glentoran Football Club has been scheduled for Thursday, May 16.

Shareholders will vote at an Extraordinary General Meeting whether to give the green light for a proposed takeover of the club.

An offer from British-Iranian businessman Ali Shams Mohammad Pour to buy the club has been tabled and it's likely that shareholders will back the plans.

Manager Mick McDermott and coach Paul Millar have been brought to the club and a 'substantial financial investment' is expected to follow when the consortium is backed.

The takeover will need the approval of 75% of the shareholders in attendance.

Glens chairman Stephen Henderson said: "This proposed investment presents a hugely exciting opportunity for Glentoran Football Club - its players and employees, its shareholders, its supporters and the wider Glentoran community in east Belfast and beyond.

"At the EGM, it will be outlined to shareholders the investment proposition and what this could mean for the club going forward, before seeking their approval to proceed with the investment.

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"This proposed investment presents a real vote of confidence in Glentoran and its enormous potential to become Northern Ireland's leading, largest and most successful football club."

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