Cobh Ramblers part ways with FC32, in talks with new investors
Ramblers, chasing Dundalk at the top of the First Division, has for now reverted to a club, "solely operated by its elected committee and Directors".
The statement released on Thursday evening says the prospective investors have been providing assistance and support to the club in recent weeks, "helping to stabilise club operations", which are now being run by volunteers.
"We can confirm that the club has formally and fully parted ways with FC32 Global Investments Limited," the statement read.
"The process of separation has been completed, and Cobh Ramblers FC has returned to being solely operated by its elected committee and Directors. Any previously appointed representatives or board members affiliated with FC32 are no longer involved in the club.
The statement added: "In recent months, the club has remained operational thanks to the dedication and hard work of our volunteer committee and the elected members board. Their efforts have ensured that the club could continue to function through a period of uncertainty and transition.
"We are also pleased to confirm that we are in the advanced stages of discussions with a new preferred investor group. This group has already provided assistance and support to the club in recent weeks, helping to stabilise club operations while both parties' complete due diligence. We are optimistic that these discussions will lead to a positive outcome for the future of the club and would like to thank the investor group for supporting the club in the interim.
"The focus now is firmly on moving forward together, with the best interests of Cobh Ramblers FC at heart.
"We would like to thank our supporters, players, staff, and the wider community for their continued backing and patience during this time.
"We remain committed to securing a stable and successful future for the club."
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