Cliftonville members have voted in favour of a special resolution to authorise the club's management committee to enter formal negotiations with the Toronto Investment Group. This move could lead to a takeover that would boost the club's finances. The proposed takeover by TIG is back on after a door appeared to have been shut in January when the Canadian consortium took their offer off the table. The original deal was close to completion 12 months ago when then Cliftonville chairman Kieran Harding was given permission by members to enter negotiations. However, a pause in talks led to TIG taking a step back. A fresh vote on Thursday achieved the required 75% to permit new chairman Kevin Crossan and the board to reopen negotiations. The vote was supported by key figures, including former chairman Jim Boyce and ex-players George McMullan and Peter Murray. The club's management committee will now enter into formal negotiations with TIG, supported by professional advisors. The club's legal representatives will engage with their counterparts at TIG on the next step of the process.
Cliftonville Members Vote to Reopen Talks with Toronto Investment Group
UKPulse Sport DeskCliftonville members have voted in favour of a special resolution to authorise the club's management committee to enter formal negotiations with the Toronto Investment Group. This move could lead to a takeover that would boost the club's finances.
- Cliftonville members voted in favour of a special resolution to authorise the club's management committee to enter formal negotiations with TIG
- The proposed takeover by TIG is back on after a door appeared to have been shut in January
- A fresh vote achieved the required 75% to permit new chairman Kevin Crossan and the board to reopen negotiations
Why this matters: The potential takeover by TIG could have a significant impact on Cliftonville's finances, but it is unlikely to have a direct impact on UK households and businesses.
What this means for you: What this means for you: This story is unlikely to have a direct impact on UK households and businesses, but it may be of interest to football fans and business owners.