Bristol Rovers Football Club Confirms New Ownership Structure.
Bristol Rovers Football Club can confirm that today the EFL has approved an agreement for Mr. Hussain AlSaeed to purchase a 55% share in Dwane Sports, the holding company for Bristol Rovers Football Club. He will join Wael (40.5%) and Samer Al Qadi (4.5%) as co-owners of Dwane Sports and as a result the football club.
As part of this process, the Club can confirm that the debt owed to Dwane Sports will be capitalised. This means that apart from our ordinary trade creditors the club is substantively debt free.
Mr. AlSaeed will be joining the club as chairman of the board, with Mr. Al Qadi remaining as club president and Abdullatif AlSaeed as executive vice president.
In a statement, Mr. AlSaeed said: "I am privileged to join Wael as a partner of BRFC. I have been a huge football fan for many years, and it has always been my ambition to own a stake in a club. BRFC is the one club that I most desired to be a part of, due to its great fanbase and future potential.
"From this day on, I assure the fans that we will be working tirelessly on the sustainability and growth of the football club. Rovers are a club with huge potential that is still untapped, and it is our duty to make sure that we do everything possible to improve the current state.
"I have really enjoyed my time in the lovely city of Bristol, and I hope to contribute to the community in the best manner possible.
"I would like to take this opportunity to thank all of our beloved fans for their continuous support to the club. I look forward to meeting you all at our first home game of the upcoming season."
Mr. Al Qadi added: “I am delighted and honoured to welcome on board Mr Hussain and Mr Abdullatif AlSaeed. This has been a long process to get to this stage to ensure that the changes are suitable for all parties and give us the best possible chance for success. Over the past few months as discussions have developed it has been clear to me that Hussain and Abdullatif not only have a consistent vision with ours for the club but they also have the expertise and resource to help move us forward quicker.
I am sure that you will all join me in welcoming our new investors to the club and giving them all of your support to help us achieve our aims.”
