Irish Premiership: Glenavon confirm investment to 'secure financial future'
Irish Premiership side Glenavon have confirmed a proposed investment from Football International Limited has been completed.In January, the Lurgan Blues announced they had entered a "strategic partnership" with the English-based consortium, who will acquire a majority shareholding in the club through a "staged investment programme" over five years.The deal has now been signed off by shareholders and sees Cathal Morrison, Alberto Valdes, Michael Stephens, and Christopher Parry join the board of directors with immediate effect.According to Glenavon's statement issued on Friday, they will work alongside existing leadership to support the club both strategically and operationally going forward.Glenavon chairman Warren McCleary said the deal would "secure the financial future of the club" and bring in expertise that would "improve the performance of every aspect" of the club."The club have been exploring the option of external investment for some time, and we believe we have found the perfect investment partner," read the statement."We are really excited to have completed this deal with Football International Limited."Morrison, one of the new directors, has previously worked in scouting positions at West Ham and was a director for Altrincham between 2020 and 2022."As a multi-national 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," he said."Our intention is to protect that history going forward, support the club in measured and responsible ways, and build a legacy together."
