Glenavon have announced a plan for a “strategic partnership” with Football International Limited [FIL], who will acquire a majority shareholding in the Irish Premiership club.
The deal will require a final sign off from shareholders, but FIL’s investment is set to be staggered over a five-year span.
Glenavon are currently bottom of the Irish Premiership and have four league wins in 25 matches.
A statement from the Mourneview Park club said the investment will ensure “stability, continuity, and responsible long-term planning”.
Glenavon said it would strengthen the club’s financial position, improve commercial performance, generate revenue and reinforce the club’s role “at the heart of its community”.
A spokesperson for FIL said that Glenavon is a club with “real history, identity, and potential”, and it was “excited to begin this journey”.
“Our commitment is long-term. By investing over a five-year period, we aim to provide stability, strengthen the club’s foundations, and support sustainable growth.”
A Glenavon spokesperson said it was a “positive step” for the Lurgan Blues.
“The staged investment model gives the Club stability and clarity, while allowing us to plan responsibly and ambitiously,” they said.
“Most importantly, this partnership is built on respect for Glenavon’s heritage and a shared desire to see the Club thrive again.”
Glenavon are the latest Irish Premiership club to receive investment in recent years.
Larne, Glentoran and Coleraine are high-profile examples of outside investment, while around 100 American investors flew in to watch Carrick Rangers’ County Antrim Shield final success over Cliftonville.
The Reds announced on Monday that a takeover deal from the Toronto Investment Group had been withdrawn, and north Belfast rivals Crusaders saw a proposed deal with a consortium involving Liverpool legend Ian Rush in 2022 fall through, while a proposed bid for American investment in Bangor failed to materialise.