Dunfermline Athletic have announced that a 30% stake in the club has been acquired by a German investment group, who have the option to increase their stake to 75.1% by summer 2022 at the latest.
Many may see this as a setback for the cause of supporter ownership; but in truth, while those like us who believe passionately in supporter ownership as the ideal structure for our football clubs will be disappointed to read this news, we must recognise the progress that has been made at East End Park. The Masterton/Yorkston regime, which ran up massive debts and almost eviscerated a 128 year old community institution, was replaced by a broad representative body which blended the democratic principles of the supporters trust with a number of wealthy local individuals, who together steered the club into calmer waters. The supporters trust’s stake was enough to ensure no takeover could progress without their approval, and they have been fully engaged in the discussions and due diligence activities over the last year which have culminated in today’s deal. Their stake in Pars United, and their hard work over many years, gave them a seat at the table when this deal was struck and ensured that the fans had a voice in this major development.
The incoming investors must surely be encouraged by the fine work done by Pars United over the last 7 years, and the incredible fundraising efforts that have sustained the club over the last 5 months. This should prove to DAFC Fussball GmbH that the club’s supporters are one of their most valuable assets, and should remain at the heart of the club regardless of their shareholding.
Read more about the deal on our website.
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