Latest news with #East(No.1)Limited
Yahoo
16-05-2025
- Business
- Yahoo
Glentoran fans retain 'meaningful share' as majority shareholders increase stake in club
Glentoran fans have retained a "meaningful share" in the club despite majority shareholders East (No.1) Limited increasing their stake at The Oval. Shareholders voted in favour of the proposed share transfer at Thursday night's Extraordinary General Meeting (EGM) with East (No.1) Limited increasing its shareholding from 85% to approximately 95%. The club state this is part of a long-term strategy to enable significantly greater investment in the club's future - both on and off the pitch. READ MORE: EastEnders fans 'work out' who's involved in dramatic car crash and it's not Stacey READ MORE: Rory McIlroy's Masters win forced Shane Lowry to 'break Augusta rules' for extravagant five-figure gift Under the revised structure, GFC1882 Ltd will retain a 5% stake in the club, ensuring that supporters continue to hold a meaningful share and preserving their vital role in supporting the club's governance and protecting the long-term interests of all shareholders. Commenting on the announcement, Ali Pour, Director of East (No.1) Limited, said: 'This development strengthens my long-term commitment to Glentoran Football Club and provides a platform to accelerate targeted investment across all areas of the club. "By increasing my shareholding, I can focus on key priorities - from infrastructure and facilities to squad development - while enhancing revenue generation, improving operational efficiency and building a sustainable model for future success. "Crucially, I remain committed to ensuring supporters retain a meaningful stake and voice in the club's future.' Sign up to our free sports newsletter to get the latest headlines to your inbox
Belfast Telegraph
02-05-2025
- Business
- Belfast Telegraph
Glentoran call Extraordinary General Meeting as owner Ali Shams Pour looks to strengthen grip on club
The Belfast Telegraph can reveal that shareholders have been informed the EGM will take place at the Harland & Wolff staff club in east Belfast later this month, with 75 per cent of shareholder approval required for the East (No.1) Limited company, of which Pour is a director, to add a further ten per cent to the shares they already have in the club.
