Following on from our previous statement of August 11th where the board outlined the ongoing independent process of exploring the market for potential new investment into the club, we are pleased to announce that terms have been agreed between the current majority shareholders and a consortium of new private investors for the majority acquisition of Ebbsfleet United Football Club.
The new ownership group is led by Dublin-based businessman John O’Leary as the largest shareholder and head of the consortium which comprises a number of investors. The largest two of these, and the Ultimate Beneficiary Owners, are based in Ireland and India.
KEH Sports, who have owned the club for the past 12 years, will continue to actively support the new board during this transition period and will be recognised in due course for their commitment and stewardship of Ebbsfleet United over such a long period of time.
Completion of the transaction remains subject to legal finalisation and approvals from the FA and The National League.
Head of the consortium John O’Leary said, “As a lifelong football supporter since playing youth football with my local side in Dublin, I have long held an ambition to be involved in club ownership. It’s extremely exciting to have agreed a deal in principle to lead a consortium as custodians of Ebbsfleet United into the future. While the approval and compliance process takes place with the FA and National League, we felt it important to provide supporters with an update of our intentions at the earliest opportunity.
“The Fleet have been in good hands for a number of years and are well set up for the season ahead. As such, we do not envisage any major changes in the day-to-day structure or operations in the foreseeable future. Rather, we plan for the eclectic skillset and enthusiasm of our consortium to add significant support and value to the club and CEO, particularly as Ebbsfleet United’s future centres around plans for greater non-football-related revenues, new infrastructure delivery and overall sustainability.”