Cliftonville members vote in favour of TIG takeover
The future of Cliftonville is now settled as members have voted in favour of a takeover by the Toronto Investment Group [TIG] following a long-running saga.
The Cliftonville FC board of directors secured a decisive victory at Monday's Extraordinary General Meeting (EGM), as members overwhelmingly backed a £3 million takeover by the Toronto Investment Group (TIG). The 81% approval rate represented a 75% majority, pushing the club's ownership to TIG's control.
The EGM came after a drawn-out period of negotiations that saw the deal on the verge of completion last year. However, the talks were paused, leading TIG to withdraw their offer in January. The issue resurfaced in June, when members voted to authorize the club's management committee to engage in formal negotiations with TIG.
At the Monday meeting, the club's 81% approval rate sent a clear message to the Canadian consortium. TIG's representatives, Drew Green, John Muffolini, Ron Davidson, and Conor Devine, were lauded for their professionalism and commitment during the process. The club expressed gratitude for their dedication to shaping the future of Ireland's oldest football club.
The TIG consortium has pledged to fund transfer fees for Jim Magilton's side, which has started the league season with two wins. Additionally, the takeover agreement includes proposals for a full-time model and stadium redevelopment.
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