Erik Barmack's Motherwell investment offer withdrawn mid-vote

Erik and Courtney Barmack have withdrawn their offer of investment in Motherwell, citing fears over the proposal creating "significant divisions within the fanbase".

However, the board of the Fir Park club had endorsed working with the former Netflix vice-president and his wife, a Snap Inc senior executive.In a statement, Motherwell said: "Erik Barmack has had further discussions with the club board over the weekend. As a result, Erik has decided to withdraw his offer of investment into Motherwell FC.

"Erik's intention from the outset has been to play a part in moving the club forward. That can only be achieved with a unified fanbase. The Well Society have a 71% stake in the Scottish Premiership club, which would have fallen to 50.1% under the proposal.

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Motherwell board recommend voting for Barmack's investment proposalThe Fir Park board say Barmacks' offer, working in partnership with the Well Society, gives them the best chance of securing regular and certain funding, as well as significant new sources of income
منبع: Daily_Record - 🏆 9. / 89 ادامه مطلب »

'Well Society best bet for Motherwell, not investment gambleThe 'Well Society have outlined their vision for Motherwell as they look to persuade shareholders that an investment proposal isn't in the club's…
منبع: Glasgow_Times - 🏆 76. / 59 ادامه مطلب »