Dundalk FC’s General Manager Martin Connolly has denied all knowledge of a potential takeover by a US Consortium. A report in Tuesday’s Times newspaper claimed that a US consortium were reportedly interested in buying Dundalk FC.
The report by Garry Doyle indicated that no bid had been offered as of yet but that the consortium were looking into the prospect of buying the club. Andy Connolly and Paul Browne, who took over the club in 2012, have overseen a period of huge success both on and off the field and a lucrative run in Europe in 2016 has put the club on a sound financial footing which is somewhat of a rarity in the turbulent world of League of Ireland football.
Dundalk reported a €3.3 million to the end of 2016 thanks in the main to their amazing run to the Europa Cup group stages where they became the first Irish team to pick up a point at that stage of the competition. That year end profit dwarfed the previous year’s total of €143,000 and showed the importance of a good run in Europe with regards to financial reward. These profits marked a dramatic turnaround for the football club who had been on the brink of extinction in the months prior to Connolly and Browne taking over the club.
Speaking about the reports in ‘The Times’ Dundalk FC general manager denied all knowledge of the reports.
“To be honest I have no idea where these reports have come from. We have obviously had enquiries over the last 12 to 18 months but nothing ever came from them and as far as I am aware there is nothing in the pipeline at the minute so as I said these recent reports are news to me,” stated Martin.