Falkirk chairman confirms other ownership options are on table as well as fan proposals

Falkirk directors are considering other ownership models as well as the fan ownership proposals outlined at last year’s AGM.

By The Newsroom
Thursday, 18th April 2019, 7:46 pm
Updated Thursday, 18th April 2019, 7:54 pm
Falkirk chairman, Margaret Lang. Picture: Michael Gillen.
Falkirk chairman, Margaret Lang. Picture: Michael Gillen.

Chairman Margaret Lang confirmed other options – including those which could work in tandem with the supporters and patrons share scheme – are being investigated as she responded to today’s news of a further delay to the fan ownership process which organisers fear could delay investment into the club beyond the early summer transfer window period.

She recently told the organisers the board would require a further fortnight to pore over the details of the scheme after it moved from the major shareholders group back to the board.

However Mrs Lang stressed that the reasons behind the delays had the club’s best interests in mind.

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Her statement, on the club’s website, read: “Following various reports online, we wish to take the opportunity to update our supporters on exactly where we are in terms of fan ownership and further investment into the club.

“The final draft Fan Ownership Proposal was presented to the Board of Directors on March 28. Conversation is currently ongoing at board level and with the Major Shareholders Group in relation to this.

“In the meantime, the Board of Directors have been approached by other potential investors in the club and one of these may offer a structure that would sit alongside the fan ownership investment. We need to take time to fully understand these further potential investment proposals and it would be wrong of us to compromise this process in any way. Due diligence and investigations must be carried out on all of these proposals and meetings must take place with the relevant parties to understand their thoughts and plans for the future of the club.

“We expect that this will take a few weeks at which time we will be able to make a proper considered decision on the best way forward for the club. The short, medium and long term sustainability, investment and ownership of the club will be the key factors taken into consideration and we would like to re-assure any supporter concerned by perceived delays to the fan ownership proposal that this has been done with the very best intentions of the club moving forward.”