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Money Problems

Plea for investment from supporters as Drogheda on the brink

The United Park club will cease to exist after this month if €200,000 is not found.

DROGHEDA UNITED WILL cease to exist if the clubs’ supporters do not raise €200,000 by the end of the month.

A group of fans who are currently attempting to set up a new company in order to take over the club is now asking supporters to buy shares in the club to keep it afloat, according to RTÉ.

Vincent Hoey, speaking on behalf of the three main shareholders in the Co Louth club said: ‘We are hugely encouraged by the calibre and dedication of the people that have taken it upon themselves to step forward to try and keep Drogheda United alive at this time.

At the risk of repeating myself, I always saw myself as a custodian of Drogheda United for the people of the town and region rather than an owner or shareholder. I and my fellow shareholders tried to make the club self-sustaining with our ambitious stadium plans.

That clearly didn’t work for reasons that are well documented. I sincerely hope that with more people involved now and with the offer of community ownership on the table that people will lend their unequivocal support to this group.

I certainly will in any way that I can. Unfortunately, however, myself and the other shareholders are unable to financially underpin the club going forward.

Read more at RTÉ