Cobh Ramblers insist takeover 'reflects our commitment to the club's future'
Confirmation of the deal brings to an end the short-lived tenure of FC32, the investment firm that only took control last October and whose funding has helped Cobh to second in the League of Ireland First Division.
In a club statement released this morning, DAV are described as 'a sports and media investment firm founded to empower elite athletes, entertainers, and strategic investors to take ownership positions in professional sports clubs and related platforms.'
Advertisement
DAV have taken a 90% stake in the club with the takeover led by Ilya Movshovich, Pedro Lombardo (Managing Partner at JPX Investments), and Bryant Clark (Founder of Texas-based Fifty Five South Ventures).
Cobh's statement said the new owners are 'backed by several prominent sports investors, DAV combines capital, content, and operational insight to drive long-term value across its portfolio.'
Bill O'Leary, chairman of the club, added: 'After months of hard work, the Board is proud to announce this investment partnership. In a highly competitive landscape, securing a deal of this calibre reflects our commitment to the club's future. What set DAV apart was not just their financial backing, but their operational capabilities and respect for the club's legacy and community. Ilya and Pedro have been a pleasure to work with, and we're excited to move forward together.'
Cobh Ramblers FC is pleased to announce that 90% of the club has been acquired by a new ownership group Digital Athlete Ventures (DAV)
The group is led by Ilya Movshovich, Pedro Lombardo (Managing Partner at JPX Investments), and Bryant Clark (Founder of Texas-based Fifty Five South Ventures).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Irish Examiner
an hour ago
- Irish Examiner
'Thank you for showing up for Palestine': Coffee campaign raises €100k for Gaza
The organisers of the Coffee for Palestine campaign met last week to celebrate reaching their fundraising target of €100,000 for the people of Gaza. Organisers said they are 'so grateful and deeply moved' by the support they received and the donations made to the campaign, which has now raised €100,000 for charities and communities on the ground in Gaza. 'From the bottom of our hearts, thank you to every person, café, restaurant, and supporter who gave what they could, stood with us, and helped turn this act of solidarity into something meaningful,' organisers posted on Instagram. 'We know there are still some cafés yet to donate, so the fundraiser will stay open a little longer. But this moment, reaching our goal, is something we want to pause and honour. 'This doesn't stop here. We'll continue to keep Palestine in our hearts, in our conversations, and in our actions, wherever and however we can. Thank you for showing up for Palestine. Let's keep it going!' Participating businesses pledged the value of 10 coffees a day for seven days to the Coffee For Palestine campaign from June 23 to June 29, and the donation link remained open for those who wished to help the campaign reach its target. The campaign reached many counties across Ireland, with more than 270 cafés, 51 of which were Cork-based, as well as international cafés in the Netherlands, Germany, Bosnia, Scotland, and South Africa, taking part this year. The brainchild of Clare Condon of Good Day Deli, Eman Alkarajeh of Izz Café, and Deirdre Breen of Studio Boon, the Coffee for Palestine campaign began in June 2024 when organisers were so distraught about what was happening in Gaza, that they felt they had to do something as opposed to helplessly watching what was unfolding through their phone screens. Speaking to the Irish Examiner, Clare Condon of Good Day Deli said a lot of thought, work, planning and strategy went into their first campaign, with an aim to keep the campaign as simple and as sharable as possible so that it was easy for others to get involved and raise as much funds as possible. More than 150 cafés and restaurants were involved in 2024 and more than €50,000 was raised for charities and communities on the ground in Gaza. That success was surpassed this year, with more than 270 establishments taking part and €100,000 raised. The Coffee for Palestine team met at Izz Café this week to mark the significant milestone which they described as 'a small moment of hope and solidarity in the midst of ongoing devastation'. 'During our visit, we were deeply moved to receive a beautiful letter from the team at Café Izz,' organisers said, sharing the letter to social media. The letter from Izz Café read: 'To the incredible team behind Coffee for Palestine - Eman, Clare, and Deirdre, There are no words strong enough to truly express the depth of our gratitude and admiration for what you have done. Once again, you have turned your compassion into action, your love into impact - building bridges of solidarity between Ireland and Palestine. 'This year, over 270 cafés across the country joined your call. More than 900 generous donors stepped forward, hand in hand with you, to stand with Gaza in its darkest hour. Together, you created a national movement — rooted in justice, brewed with empathy, and poured with unwavering love. 'Your commitment is not only inspiring, it is profoundly moving. You have shown that solidarity knows no borders, and that kindness - when rooted in purpose — can move mountains. 'On behalf of the entire Izz Café family, and from the hearts of every Palestinian you stand beside, thank you. Thank you for being a voice, a light, and a lifeline. 'You have brought hope to Gaza. You have brought healing to hearts. And you have reminded us all what it truly means to be human. 'With love, pride, and endless appreciation, The Izz Café Team.' Condon said 100% of the proceeds from the campaign will go directly to five organisations providing urgent support on the ground in Gaza. Those organisations include: Gaza go Bragh, a grassroots Irish initiative fundraising directly for emergency aid, water and food in Gaza; Unicef Gaza Gaza Crisis Response, delivering life-saving supplies and protection for children in Gaza; Medicine Sans Frontiers, offering vital surgical care, medical aid, and mental health services in Gaza's overwhelmed hospitals; Palestinian Red Crescent Society, emergency medical responders, providing ambulances, trauma care, and humanitarian relief; and Communities on the Ground, a community-led giving initiative, selected by Eman from Izz Café.
The Irish Sun
19 hours ago
- The Irish Sun
Noni Madueke parties at Wireless with Jadon Sancho ahead of £52m Arsenal transfer… while Chelsea win Club World Cup
NONI MADUEKE was seen enjoying his weekend at Wireless... while his Chelsea team-mates lifted the Club World Cup. The English winger was allowed to leave his club's camp for the US-based tournament in order to complete a transfer to 6 Noni Madueke was seen partying at Wireless in north London Credit: 6 Madueke jetted back to the UK from Chelsea's camp at the Club World Cup Credit: 6 He is on the verge of joining Arsenal Credit: 6 Jadon Sancho was also seen at the event Credit: 6 Sancho wore a blue hat to Madueke's black hat Credit: That move, worth £52million is expected to be completed some time this week with a medical booked in for Monday. However, before he is announced, the 23-year-old was seen enjoying himself at the Finsbury Park venue in north London. He was pictured in the crowd alongside Man Utd star The pair were in the crowd for READ MORE IN FOOTBALL Madueke was seen in a white top and black hat combo. Meanwhile, Sancho was seen with a matching white top but then wore a blue hat. Join SUN CLUB for the Arsenal Files every Friday plus in-depth coverage and exclusives from The Emirates The former PSV star's move to the Gunners has been divisive among fans who believe the club should be going for a higher profile target . Most read in Football A petition titled #NOTOMADUEKE has been BEST ONLINE CASINOS - TOP SITES IN THE UK Rio Ferdinand blasted fans who had signed the petition and called for them to show some compassion. However, Man Utd vs Arsenal fan battle: 'Odegaard's streets ahead of bottle job Fernandes' | Stoppage Time Madueke is equally capable of playing on either wing, which is a feature Arsenal boss Elsewhere, the 6
The 42
a day ago
- The 42
Cobh Ramblers insist takeover 'reflects our commitment to the club's future'
COBH RAMBLERS INSIST their takeover from new ownership group Digital Athlete Ventures (DAV) 'reflects our commitment to the club's future' after a turbulent year off the pitch. Confirmation of the deal brings to an end the short-lived tenure of FC32, the investment firm that only took control last October and whose funding has helped Cobh to second in the League of Ireland First Division. In a club statement released this morning, DAV are described as 'a sports and media investment firm founded to empower elite athletes, entertainers, and strategic investors to take ownership positions in professional sports clubs and related platforms.' Advertisement DAV have taken a 90% stake in the club with the takeover led by Ilya Movshovich, Pedro Lombardo (Managing Partner at JPX Investments), and Bryant Clark (Founder of Texas-based Fifty Five South Ventures). Cobh's statement said the new owners are 'backed by several prominent sports investors, DAV combines capital, content, and operational insight to drive long-term value across its portfolio.' Bill O'Leary, chairman of the club, added: 'After months of hard work, the Board is proud to announce this investment partnership. In a highly competitive landscape, securing a deal of this calibre reflects our commitment to the club's future. What set DAV apart was not just their financial backing, but their operational capabilities and respect for the club's legacy and community. Ilya and Pedro have been a pleasure to work with, and we're excited to move forward together.' Cobh Ramblers FC is pleased to announce that 90% of the club has been acquired by a new ownership group Digital Athlete Ventures (DAV) The group is led by Ilya Movshovich, Pedro Lombardo (Managing Partner at JPX Investments), and Bryant Clark (Founder of Texas-based Fifty Five South Ventures).
