LIMERICK FC have announced that a consortium has agreed to financially support the club for the 2019 season with a view to taking over the running of the club on a full time basis at the end of the year. No details of the identity of the consortium have been given but a post on the cub’s official Facebook page stated, “Limerick FC are pleased to announce that a local consortium have committed to financially supporting the club throughout the 2019 season .This support is to ensure financial stability going forward and to prepare the club for a mutually agreeable take over at the end of 2019.”
The development is certainly positive as the club have been having well documented financial trouble since the beginning of last season and were forced to revert to part-time football and lost the majority of the squad including fan favourite and captain Shane Duggan who joined Waterford FC.
With the season just under two weeks away, it allows the management team to concentrate on the on-field matters with the future of the club secure. The club were awarded a premier division licence on Friday amidst uncertainty. The Super Blues will once again be playing their home games at the ‘spiritual home of Limerick soccer” at the Markets Field which adds to the mini-surge in confidence on Shannonside.
Also, the news appears to be the first significant sign that current owner Pat O’Sullivan may be leaving the club in the foreseeable future. O’Sullivan has bankrolled the club since 2008 and recently stated that he has invested over €6 million into the club. O’Sullivan has overseen both highs and lows at the club with two promotions and two relegations in his ten-year spell to date.
The post Limerick FC announce financial support from local consortium appeared first on Sporting Limerick.